Word: budapest
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...least in part, is tumbling toward greater independence from its Soviet overlords. His attendance at the Paris summit of industrialized nations at week's end illustrated, less intentionally, how Western Europe similarly continues to become more independent of the U.S. And Bush's skimpy aid offerings in Warsaw and Budapest showed that as the waning of the cold war hastens these shifts in Europe's tectonic plates, the U.S. is likely to find it both necessary and wise to let its allies take the lead in managing Western responses to changes in Eastern Europe...
...most important aspect of Bush's visit was its symbolism. "The Iron Curtain has begun to part," the President declared in an eloquent speech at the Karl Marx University in Budapest. In front of Gdansk's Lenin shipyard, he told cheering Poles, "America stands with you." While offering lavish praise for the courage shown by Poland and Hungary, he avoided baiting the Soviet Union, a sensible strategy for dealing with a bear that for the moment seems unusually amiable...
...rainy Budapest, beneath the huge statue of Lajos Kossuth, Hungary's greatest figure of independence, the President bounded down from the stage after brief remarks, stripped off his borrowed raincoat and wrapped it around a soaked, startled and utterly smitten old woman, who had to fend off other onlookers grabbing for her new prize...
Hungary also struggles under a large foreign debt. But with an economic exuberance that matches Poland's political exhilaration, Budapest is making progress toward recovery. Western visitors who evince any interest in investing in Hungary are likely to find officials knocking at their hotel doors with lists of state enterprises for sale. Hungary now permits its citizens to start large-scale private businesses and hire up to 500 workers. A fledgling stock market has 147 listings. Within three years, half of Hungary's economy is expected to be in private hands. Consumer goods are expensive, but, unlike in Poland, they...
...early 1960s, with care taken not to aggravate the Soviet sensibilities that caused tanks to roll in 1956. Today the barbed wire of the Iron Curtain separating Hungary from Austria has been snipped into souvenirs, Russian is no longer required in school, the Karl Marx University of Economics in Budapest has stopped preaching Marxist economics, and there is open discussion about withdrawing from the Warsaw Pact...