Word: cutbackâ
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...government leaders around the world (including OPEC leaders), is for the oil-importing nations to cut their consumption by 2 million bbl. a day. That would bring supply and demand into balance and perhaps stop the wild rise in prices. But how can the pain of a cutback???which inevitably will mean less production and fewer jobs?be shared equitably among consuming nations with widely differing economic needs...
...will clearly take stronger presidential leadership to curb a growing feeling in the U.S. that Europe is fat and prosperous enough to protect itself. In the view of all Western European leaders, a swift, major, unilateral U.S. troop cutback???anything under the present 185,000 G.I.s in West Germany is often cited as the peril point?would be immensely damaging. Several Eastern European statesmen privately agree; they point out that the Russians would be far harder to cope with in the absence of U.S. forces on the Continent. "On the road toward a more stable system of security," Brandt told...
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