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...do?will become clear at this week's Luxembourg meeting of European Community foreign ministers (which will be attended by Japanese Foreign Minister Saburo Okita) or at next week's European Community summit. The organization's experts have prepared memos outlining the economic and legal aspects of a potential boycott of Iran. One Community study argues that an economic boycott, in concert with the U.S. and Japan, could impose much more damage on Iran than that country could inflict in retaliation by cutting off oil shipments. Reason: in the wake of the Iranian crisis, the allies have gradually been reducing...

Author: /time Magazine | Title: Storm over the Alliance | 4/28/1980 | See Source »

...endorsement of a boycott or other economic sanctions will require a unanimous agreement, a fact of Community life that in the past has stymied bold initiatives. As before, the French seem to be the main obstacle. While the European allies would all greatly prefer to act under the Community's umbrella, some appear to be edging toward taking tough measures unilaterally to back the U.S. Bonn and the powerful West German business community now favor economic moves against Iran that they once opposed. Said Otto Wolff von Amerongen, president of the West German Chambers of Industry and Commerce: "The time...

Author: /time Magazine | Title: Storm over the Alliance | 4/28/1980 | See Source »

...Paris, Soviet Ambassador Stepan Chervonenko stated that unless the allies resist, they would be turned into "an instrument for America's global policy" and would allow the U.S. to "attain strategic objectives on the backs of others." When Bonn indicated that it would probably follow the U.S. lead and boycott the Olympics, the Soviet Ambassador to West Germany warned that such a decision would have "political consequences in the relations between the Federal Republic and the Soviet Union." Japan also announced its support of the boycott last week, which has been backed as well by Britain. With much of Western...

Author: /time Magazine | Title: Storm over the Alliance | 4/28/1980 | See Source »

...Zimbabwe is far better off than neighboring Zambia and Mozambique. Naturally endowed with fertile soil and abundant mineral resources, the country also has a strong manufacturing sector, developed after international sanctions were imposed following the 1965 Unilateral Declaration of Independence. With the trade boycott lifted, economists predict that the economy will grow by 3% this year...

Author: /time Magazine | Title: ZIMBABWE: Festive Birth of a Nation | 4/28/1980 | See Source »

...boycott that could destroy the Olympic Games forever would be a tragedy to be remembered long after Afghanistan and the 1980 elections have faded from mind. If the U.S. is going to deny its citizens passports in order to prevent their participation in Moscow, I hope there will be an underground railway to smuggle out American athletes and spectators who want to do their part to keep the Olympic spirit alive...

Author: /time Magazine | Title: Letters, Apr. 21, 1980 | 4/21/1980 | See Source »

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