Word: diplomatized
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...really see these two agreeing on anything very significant. But we sure don't want them to, either." Even if the Soviets and the Chinese move closer, there will be plenty of warning. "The U.S. does not have to panic or go courting cravenly," says a U.S. diplomat. "We expect no dramatic changes. And those who are apprehensive should realize this will proceed slowly, and not necessarily inimically to U.S. interests...
...biggest worry among party officials at the moment is figuring out what the Kremlin wants. "Andropov is as much a mystery to the Czechs as he is to us right now," says a Western diplomat. "They are waiting to see whether he wants blind loyalty or economic reform, or both...
...stage, during discussions in Washington over oil prepayments, the Mexican delegation came close to walking out. Recalls a U.S. diplomat: "They balked at paying a service fee on the money. They said they were seeing imperialism in action and threatened to take the next plane home. That would have meant default." In the end, the U.S. conceded. During the Brazil operation, a New York banker roused Volcker out of his sleep one night to plead for a $500 million Federal Reserve contribution to that salvage attempt. Volcker came up with the money. In either case, there was no margin...
...mile-long power line to the Shaba copper-producing region at a total estimated cost of about $1 billion. Eight months after the power was finally turned on in 1981, the current was switched off. Shaba province happens to be self-sufficient in electricity. Says one Western diplomat: "If ever there was a white elephant, this is it. Zaïre needs the scheme as much as it needs a nuclear-powered submarine...
...only factor that has kept Western bankers from calling a default is that large loans would have to be written off. "If Zaïre were serious about sorting out its debt, it could be done in a matter of years," says one creditor. Explains a Western diplomat: "The Zaïrians are not worried about being a basket case. The elite always do well regardless of who is putting up the money...