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...Korean officials and foreign policy experts are also sobered by the German experience. Theirs is the curse of the answered prayer. They have calculated that relative to the size of their economy, it will be 10 times as expensive for them to unite with North Korea as for the Bonn government to absorb the former East Germany. The outbreak of political turmoil in the wake of Kim's death could send hundreds of thousands of Northerners pouring across the Demilitarized Zone. Or would-be refugees might be slaughtered by North Korean troops, a horror that would tempt if not oblige...

Author: /time Magazine | Title: America Abroad: The Curse of the Answered Prayer | 9/14/1992 | See Source »

...confront the skinheads and neo-Nazis did not seem to deter anyone. Although there was no breakdown in civic order, the attacks reached to the front door of the government: right-wingers threw fire bombs at a house of asylum seekers a mile from Chancellor Helmut Kohl's Bonn office...

Author: /time Magazine | Title: Fires in The Night | 9/14/1992 | See Source »

While the shelters burned, however, the politicians continued to fiddle. In principle, a move to change Germany's liberal asylum laws is closer, since the opposition Social Democrats agree that a constitutional amendment is needed. In fact, most of Bonn's energy went into fighting over SPD charges that the government has deliberately dawdled on processing and deporting unworthy asylum seekers to keep the pressure on for the legal change...

Author: /time Magazine | Title: Fires in The Night | 9/14/1992 | See Source »

While business people last week were trying to get used to new exchange rates, the currency crisis jolted political capitals from Bonn to Tokyo. The dollar's fall was a clear embarrassment to President George Bush and his re- election campaign. The sharpest plunge came in the two days after Bush's much touted acceptance speech to the Republican National Convention. The money markets seemed to be sending the message that they saw little in his proposals for jump-starting the U.S. economy. A wobbly dollar will make it harder for Bush to brag during the campaign about the strong...

Author: /time Magazine | Title: Down And Down the Dollar Goes | 9/7/1992 | See Source »

Even as they denounced the violence, Bonn officials used the occasion to urge once more the adoption of a constitutional amendment that would curtail Germany's liberal provisions for asylum. Germany continues to bear the brunt of Europe's population upheaval, taking in 256,000 asylum seekers last year -- a number that may double this year. But Kohl's Christian Democrats could soon get their wish. Leaders of the rival Social Democrats, whose support is essential for such an amendment, coincidentally abandoned their opposition only hours before the Rostock riots began...

Author: /time Magazine | Title: Germany For Germans? | 9/7/1992 | See Source »

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