840.50 Recovery/2–1248: Telegram

The Secretary of State to the Embassy in Greece


Gama 326. Reference Amag 278.1 In opinion of NAC not wise to force ERP countries to liquidate private foreign holdings as a condition of receiving aid. Program planned which will have effect of disclosing to foreign governments ownership of assets which still remain blocked after June 1, 1948 for whatever action they deem appropriate. Estimates of blocked assets of Greeks not available. No program contemplated for free assets. Text NAC statement to be air mailed.

  1. Telegram Amag 278 from Athens, February 12, 1948, not printed, asked: “Request further details on newspaper stories concerning use of foreign assets in United States to meet balance of payments of ERP countries.” (840.50 Recovery/2–1248).