Word: blackmailer
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...Where is the integrity of the West German government in its meek surrender to Egyptian blackmail [Feb. 19]? And where is the good sense of the U.S. Government when it tiptoes around instead of positively and proudly meeting the defense requirements of Israel, the only Western-oriented country in the Middle East...
...Future Blackmail. Last week Nasser threatened not only to receive Ulbricht but to give East Germany formal diplomatic recognition as well. It was soon clear to Bonn's ambassadors in the Middle East that many other Arab states would follow Cairo's lead. With that, Bonn quickly backed down. An appeal for help went out to Spain for a mediator who could camouflage the defeat. Generalissimo Franco agreed to send his top troubleshooter, the Marqués de Nerva, to Cairo. He swiftly reached accord with Nasser. West Germany promised an immediate cessation of arms shipments to Israel...
...Arabs' second main goal was intended to force reduction of West German aid to Israel. The Arab Pre miers warned Bonn that they just might retaliate by recognizing East Germany. This heavy-handed blackmail was rejected by Bundestag President Eugen Gerstenmaier, who replied: "It goes too far when some other state, against which we have nothing, tries to stop us from giving aid to Israel...
Past experience has shown that joint Arab threats are seldom followed by joint Arab action. The diversion of the Jordan waters, even if construction is ever started, will take some six years to complete. And the blackmail against Bonn may well backfire, since the West German aid of $242 million to the 13 Arab states would be cut off with the breaking of diplomatic relations. That is a sum the Arabs could scarcely hope to obtain from East Germany...
...present system has three almost irremedial faults: 1) the threat that Europeans will cash in their dollars for gold can be used as blackmail against the U.S. to achieve political ends; 2) since the dollars that have drained abroad are being used increasingly by foreigners to finance their trade, the elimination of the U.S. payments deficit might leave them dangerously short of reserves; and 3) there are just not enough reserves available to finance the expanding amount of world trade. How Can the System Be Improved? There is rising support for creating a new international money. More than a dozen...