Word: bonne
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Dates: during 1980-1989
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...tense appearance at Bonn's spacious, glass-enclosed parliament building, a grave-looking Chancellor went before the Bundestag to announce the breakup of the coalition and to call for new elections. Said Schmidt: "In the interest of our country, in the interest of our parliamentary democracy, I cannot and will not stand by and watch the effectiveness and standing of the government being wrecked." Conceding that his party "could lose some feathers" in an election, he declared, "I am convinced that the electorate will understand and prefer this course...
...peace was short-lived. After the S.P.D. lost local elections in Lower Saxony and Hamburg, F.D.P. leaders began to give more serious consideration to the idea of shifting their support to the Christian Democrats in Bonn. Though the Free Democrats received 10.6% of the vote in the 1980 parliamentary elections, their great fear was that the S.P.D.'s declining fortunes would eventually rub off on their own party. For the F.D.P, a substantial loss of support could be fatal. According to the West German constitution, any group that fails to win at least 5% is excluded from the Bundestag...
...late as last month the Bonn government agreed to give the company another injection of funds, in the form of export credit guarantees, bank loan write-offs and new bank credits amounting to $470 million. Events, though, were rapidly running against the troubled colossus. In June, President Ronald Reagan suddenly broadened the U.S. embargo on sales of American products for the planned Euro-Soviet gas pipeline, endangering a $260 million AEG-Telefunken contract to deliver to the Soviets 47 gas turbines that are being built under a U.S. license. Durr's ambitious program to restructure the company, called...
...that AEG-Telefunken is in receivership, a court-appointed appraiser will determine whether it can pay the legal minimum of 40% of its debts within 18 months and still remain in business. The Bonn government, which in the past has helped arrange mergers between troubled companies in the steel and automobile industries, has promised additional aid. Even if part of the firm survives, however, at least 20,000 jobs will be lost and dozens of factories either sold or shut down...
Reported by D.L. Coutu/ Bonn...