Word: crisises
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Dates: during 1990-1999
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That's where Treasury Secretary Robert Rubin met on Dec. 18 with Federal Reserve Chairman Alan Greenspan and their top aides to craft a new approach to the Korean credit crisis, which they had long underestimated, at least in public. The three-hour dinner was a turning point in a...
The two leaders spent what must have been an uncomfortable 25 minutes on the phone as translators relayed Clinton?s demand that Suharto immediately implement an International Monetary Fund austerity program that Indonesia agreed to last October. Earlier, Suharto had seemed oblivious to the crisis when he sparked panic by...
The President, Brean decides, will stage a war over nuclear terrorism with Albania. "Why Albania?" the President asks with confusion. "Why not? They're standoffish. Who would trust Albanians?" Brean replies and so the question is settled. And thus begins the deliciously corrupt 'producing' of a war by Brean and...
Meanwhile, critics ? including the World Bank ? continued to attack the IMF strategy for Asia as too harsh and likely to make the crisis worse. The IMF's austerity measures were defended by Clinton administration officials. "The approach that has been outlined, which starts with countries pursuing sound policies to create...
In the Knesset, Netanyahu retains only the slimmest of majorities; a single defection would bring down his government, says Beyer. "And many members of his own party have openly conspired against him," she says. "Netanyahu has a knack for surviving. But this is his deepest crisis yet."