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Big Spenders At The Ebrd


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BIG SPENDERS AT THE EBRD

Oh, those high-living Europeans! Alleged heavy spending at the European Bank for Reconstruction & Development is threatening U. S. support for the institution, created to promote development in the former communist states. The U. S. is supposed to come up with an additional $70 million in capital. But key senators told Treasury Secretary Lloyd Bentsen that the money is in peril unless the bank slashes its lavish spending on staff and facilities.EDITED BY THANE PETERSON


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