Word: chancellor
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...Yugoslavia's strife, the E.C. has been haunted by a feeling of deja vu. More than a century ago, Otto von Bismarck gazed on another Balkan crisis -- the collapse of the empire of Ottoman Turkey -- and shrank from getting militarily involved. In the Iron Chancellor's view, Germany had no interests there that "would be worth the healthy bones of a single Pomeranian musketeer." Though Serbian nationalism went on to ignite the First World War, the E.C. last week seemed to feel much as Bismarck had. At an emergency session in the Hague, the Community's foreign ministers rejected...
...last month's London summit of the Group of Seven leading industrial powers. The Germans, whose $35 billion in commitments to Moscow surpasses all other sources of Soviet aid put together, were horrified by the crisis that had threatened to blow up in their faces. An unusually blunt Chancellor Helmut Kohl told his allies, "The dumbest possible policy now would be for us to sit back as international onlookers and say, 'So, what are they doing in Moscow...
...scandal transfixed Britain throughout the week. In a bruising dustup in Parliament, Neil Kinnock, leader of the opposition Labour Party, called Major "utterly negligent" for failing to take action against B.C.C.I. while serving as Chancellor of the Exchequer in January 1990. Replied an ashen-faced Major, who said he had learned of the full extent of the bank fraud only on June 28: "If you are saying I am a liar, you had better say so bluntly." Robin Leigh-Pemberton, governor of the Bank of England, later affirmed that Major first received details of the scandal in late June...
...legal and banking systems, energy resources and food production. They also offered to help convert Soviet military industries, which, according to some estimates, still account for about 20% of the gross national product, to civilian production. The G-7 chairman -- Major until the end of the year, then German Chancellor Helmut Kohl -- will visit the U.S.S.R. "to keep in close touch" with the progress of reforms...
...members of the E.C. altered course last week. President Bush hinted that he would recognize the republics, provided independence was achieved peacefully. In Europe, where public sympathy for the secessionists runs high, Germany made the sharpest U-turn. "Countries cannot be held together by tanks and force," said Chancellor Helmut Kohl. He warned Belgrade that an attack on Slovenia or Croatia could affect German economic aid to Yugoslavia, which last year totaled $550 million. Britain, France and Italy are also considering joining the Western swing toward recognition...