Word: east-west
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...glasses and the bubbles of cold war good fellowship, there were many who could agree with Khrush. Already the big question seemed to revolve less around the possible effects (and risks) of the test ban treaty than around the nature of the next steps to be taken in relaxing East-West tensions. And by week's end it seemed increasingly evident that a likely next step would be a mellowing of U.S. attitudes toward the satellite Communist nations of Eastern Europe...
Step or Misstep? But one of Khrushchev's most persistent demands is for the creation of an East-West nonaggression pact. The term has been bandied about so much by the U.S. State Department that cables arriving from overseas refer to it simply as "NAP." Publicly, the U.S. has demurred, saying it can do nothing until the subject has been thoroughly discussed with all members of the Western Alliance. Some allies, notably West Germany, fear that NAP could lead to recognizing and "normalizing" a permanently divided Germany. If that were to happen, the test ban treaty, designed...
...insurable for Lloyd's, which sold monthly policies against death or dismemberment caused by buzz bombs after calculating the odds at 1,000 to 1. But nuclear war is quite another mat ter; Lloyd's has added a clause canceling all its maritime policies in event of East-West conflagration "whether there be a declaration...
...cold comfort to Westerners who are waging the gold war, but the Communist world has its balance-of-payments problems too. The East enjoys a small surplus in the $9 billion-a-year worth of East-West trade. But it needs much more to buy what it wants. So Russia and its satellites are up to new tricks and refurbishing old ways to earn hard Western currencies...
With painful memories of the short-lived "Spirit of Geneva" in 1955 and the evanescent "Spirit of Camp David" in 1959, U.S. officials refuse to regard Khrushchev's joviality as a true barometer of East-West relations. Yet from the atmosphere around the conference table, there was evidence that a new and possibly somewhat more durable Spirit of Moscow was in the making...