Word: european
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Dates: during 1960-1969
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...defeat, however, is not the end of the road, but a bridge to a European integration. His departure will no doubt make progress in revitalizing the American-European Community. As such, all Western nations should support France to help replace despair with opportunity until good becomes better, and better becomes best. This is the only guarantee toward a monetary, economic and political stability in the Western world...
...ultimate conflict between Arabs and Israelis, however, is not so much a matter of land or race or religion as it is one of culture. The Arabs are light-years behind the European Israelis in education and modern managerial and technical skills. The struggle is between a highly developed nation and a woefully underdeveloped nation. Nasser led his revolt in 1952 not only to free Egypt from 4,000 years of misrule and foreign domination, but to bring it into the modern world by the simplistic techniques of socialism. Distrusted by the Israelis, the loser in two wars...
...week's end, in a speech to the Gaullist party's central committee, Pompidou made his most open bid so far for the vote of disaffected centrists. The referendum indicated a "desire for change," he said. He favored "the enlargement of Europe" and the development of a "European political consciousness"-both of which suffered under De Gaulle's domineering leadership. Clearly, Pompidou was promising a government that would significantly alter De Gaulle's eleven-year legacy...
Unequivocal Decision. As the flood of funds into Germany grew to $3 billion by some estimates, near panic swept European currency markets. Present arrangements call for each Western government to keep the official price of its money within 1% of its stated value. In an effort to hold the line, Denmark and Norway suspended all dealings in foreign money. France, Britain, Italy, Belgium and other countries were forced to dip into their reserves and sell dollars to maintain the official price of their own currencies. Despite all this, in stunning defiance of the world's financial experts, West Germany...
Eurodollars create a mixture of benefits and headaches. On the plus side, they provide a vital source of private capital to finance world trade and the growth of international corporations. They bankroll oil exploration, highway construction and even occasional European government deficits. Without them, Europe would lack the investment capital to sustain its present Dace of economic growth. The Eurodollar pool has also become a leading haven for nervous money. Fearful of devaluation, individual speculators and treasurers of large corporations swap comparatively weak currencies like British pounds or French francs for Eurodollars...