January 7, 1960

EISENHOWER: In his State of the Union address, most of which he read before Congress, US President Dwight D. Eisenhower gave a general overview of most prominent international issues facing the nation, focusing particularly on the ongoing negotiations with the Soviet Union. Strongly optimistic about prospects in the new year, and new decade, which he described as one of phenomenal prosperity in American history, he also expressed full confidence in his country’s power, stressing that it possesses huge military might that must be scrupulously maintained until the Soviet Union agrees to an efficient monitoring system on armaments. AMERICAN AID: US aid to Greece in the July 1, 1959 to June 30, 1960 fiscal year will total $81 million, excluding the cost of military equipment, the US Embassy said in an official announcement. The hydroelectric dam on the Acheloos River will absorb $31 million, in the form of a loan from the Development Fund, to be repaid in drachmas over 25 years at a rate of 3.5 percent. A further $25 million, in the form of «defense support» will be given gratis. Donations of food and parcels to poor Greeks and meals at school will amount to $12 million.

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