Originally Posted by
bosnich71
Mickj3 .... so I was wrong ref. Marshall Aid but the fact remains that a good proportion was spent on re-paying 'war debt' so it became a case of give with one hand and take back with the other, from the American viewpoint of course.
At the risk of more thread drift I feel I must put the record straight on this comment. With the 1953 London Debt Agreement, only about 15% of the Marshall plan funding to England had to be repaid. The rest was converted into grants with no repayment needed.