Word: east-west
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...like the Soviet intervention in Afghanistan and warn that the course of events in Poland will affect START negotiations. Said a State Department spokesman: "The Secretary has emphasized that the continuing repression of the Polish people, in which Soviet responsibility is clear, obviously constitutes a major setback for constructive East-West relations...
American businessmen had hoped that Reagan would loosen trade restrictions rather than tighten them. Says an executive at a major oil company: "We had been counting on this Administration to give those of us interested in East-West trade some clear principles on which we could build long-range relations with the East. Unfortunately, imposition of these sanctions makes it difficult for us to know precisely whether we should or shouldn't plan on doing business with the East. It seems just as bad now as it did under Carter from our point of view...
...American officials are looking at Latin America through a black and white East-West looking glass which distorts their view," ambassador Alejandro Bendana told an audience of more than 250 people...
Poland's failure to pay off its loans could have repercussions on the complex structure of East-West finance. During the past decade, Western banks have lent freely to all Soviet bloc countries. Rumania, for example, has built up $9.4 billion in Western debt, while Hungary has outstanding loans of $7.2 billion. The total East European debt is estimated at about $80 billion...
...anxious to resume negotiations with East Germany, in the hope of easing ultra-German relations and perhaps achieving a larger measure of detente between East and West. Bonn's long-range concerns have already produced windfalls for the East, which reaps benefits from credits, deutsche marks and other hard currency from the West. Lagging behind West Germany in virtually every aspect of economic life, East Germany has vastly gained from interest-free credits extended by Bonn. These credits, amounting to $383 million annually, made possible last year an 18.7% rise in East-West German trade, to $5.24 billion...