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.