Word: chancellor
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Dates: during 1970-1979
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...Chancellor Manuscript, Ludlum...
WEST GERMANY remains Europe's economic locomotive. It has just about recovered its preslump level of industrial output (97%), and its export performance is awesome; the trade surplus totaled $14 billion in 1976. But unemployment remains high at more than 1 million, or 4.6% of the labor force. Chancellor Helmut Schmidt has forecast a 5% growth rate in 1977, but several reliable economic institutes now expect a shortfall, indicating the need for stimulus. Despite fears of inflation, Schmidt is backing a $7 billion revival program with $1.5 billion to be spent this year...
Died. Ludwig Erhard, 80, former Chancellor and architect of West Germany's economic miracle after World War II; of heart disease; in Bonn. A German economist without a Nazi past, Erhard was selected by U.S. Occupation officials to help restore Germany's war-ruined economy. A laissez-faire economist, he initiated currency reform, then abolished price controls and rationing. His rationale: "Turn the people and the money loose, and they will make the country strong." It worked. West Germany became Europe's most prosperous power. A strong supporter of the Common Market and European integration, Erhard succeeded...
England entered World War I, according to the Chancellor of Germany, "just for a scrap of paper."* In Black and White in Color, a dusty outpost in French West Africa also enters the war for a scrap of paper-a yellowed newspaper from home, which reveals that the conflict has been raging in Europe for six months...
...Chancellor Manuscript, Ludlum...