HC Deb 18 March 1947 vol 435 c52W
87. Mr. Piratin

asked the President of the Board of Trade whether he will make a statement on the effect on our economy and trade of President Truman's announcement regarding the gift of £100,000,000 to Greece and Turkey; and, in particular, if it will have the effect of removing those countries from the sterling area and converting them into hard currency areas.

Mr. Wilson

President Truman's proposals for aid to Greece and Turkey still await action by the Congress, and it would be premature for me to make a statement at this stage. As regards the last part of the Question, Greece and Turkey are not within the sterling area and our monetary relations with them would not be affected by an American gift.