Word: bonnes
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Dates: during 1960-1969
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...called to discuss approaches to a settlement of the Middle East crisis. The WEU, an international organization consisting of Britain and the six Common Market countries, was established in 1955, and laid out the ground rules for West German rearmament, notably a ban on development of nuclear weapons by Bonn. Since then, it has met intermittently to talk over defense questions and other problems of shared interest...
...soon. The continuing West German economic surge, which underpins the mark's strength, goes against classic economic theory. Rapid economic growth should almost inevitably produce much higher export prices and the demand for more imports, both of which are damaging to a country's trade position. Yet Bonn has managed to keep its economy expanding with little inflation. West German Economics Minister Karl Schiller said in his annual report that the country's production grew by almost 9% in 1968 and should expand by another 6.5% in 1969-with inflation accounting for barely 2% of the rise...
Reverse Image. One reason for Germany's trade prowess is that its export prices have remained essentially the same since 1964, while those of the U.S., Britain and Bonn's five Common Market partners have increased by an average of 7 %. If Bonn were to peg the obviously undervalued mark at a higher price, it would relieve the competitive imbalance by making German exports more expensive and imports cheaper. Schiller, who still hopes to avoid revaluation, predicts that various other measures will help pare West Germany's trade surplus to $3 billion this year. Even that...
...Nixon was en route there. After all, the Soviets have so far been careful not to provoke the new President. They hope that he will work with them to forgo the building of an anti-ballistic missile system and to keep West Germany from getting nuclear weapons by pressuring Bonn into signing the nuclear nonproliferation treaty. Those Soviet goals would be imperiled by a new showdown in Berlin. As West German Foreign Minister Willy Brandt put it, "The higher interest of the Soviet Union argues against a big crisis...
...Mayor Klaus Schiitz, the West Germans felt that under the circumstances they could not back down. Britain, France and the U.S., who had previously been skeptical about the political wisdom of holding the election in Berlin, felt obliged to back up the West Germans. So last week Bonn finally sent out 1,036 invitations to federal and state legislators, convoking them in Berlin on March 5 to choose between the Christian Democrats' Gerhard Schroder and the Socialists' Gustav Heinemann for the office of President of the Federal Republic...