US & World News

On June 5, 1947, in a speech at Harvard University, General George C. Marshall announced a program of development aid as the world had ever known. The reconstruction program in European history will keep the name of its author.Spread over four years, resulting in a total of $ 13 billion of loans or donations in cash or in kind: tractors, equipment … is the equivalent of $ 115 billion in 2008 to rebuild Europe at the end of the Second World War.

In other words, not much in terms of the 3600 billion in 2008 for public intervention in World War II and the 700 billion spent during the Vietnam War, calculates Dessertine Philip, director of the Institute of High Finance.

And trifle when compared to the Marshall Plan 700 billion plan Obama in 2008 and 2008 of $ 1.095 trillion (750 billion euros) of the system put in place the euro area and by the IMF to maintain stability currency.

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This entry was posted on Saturday, June 5th, 2010 at 3:48 pm and is filed under business success, connection, information, occupation, tidings. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.