What’s Behind the New Marshall Plan?
Recently, a hot topic is circulating the political and economical lobbies in the EU, that is the „Marshall Plan with Africa“. As is well-known, the Marshall Plan, officially the European Recovery Program, i.e. ERP, was originally initiated by the USA right after World War II in order to help Western Europe recover from the war devastation. Beginning in 1948, the plan offered over 13 billion US dollars to remove interstate trade barriers, modernize industry, promote labour union membership as well as to support democracy. In the 1970s, Bruno Kreisky, Willi Brand and Olaf Palme began to propose a Marshall Plan…