Word: europeanization
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Dates: during 1950-1959
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...made a volcano erupt. The administration is disturbed, the government is wounded." To unionists seeking concomitant wage rises and benefits, Erhard insisted he would succeed in keeping prices down: "If you look into it, you will find that your real income is now higher than that of any other European country." He pointed out that he hoped the gross national product would increase by 4% in the next few years. "This 4% you'll get, perhaps a bit more, but shorter working hours just now are impossible...
...dynamic process that Ludwig Erhard has set in train by liberating his country's economy is still forcing basic changes. Last week in Paris Erhard threw his powerful support behind the plan to set up a free-trade area comprising eleven European nations (notably Britain) besides the Common Market's six. Always, to Europe's Socialists and faint of heart, he preaches his doctrine: "The most successful means for the achievement and retention of prosperity is competition. Only by competition can an economy expand to serve all people, especially in their capacity as consumers, and dissolve...
President Rene Coty called in ex-Premier Robert Schuman, 71, a Catholic Popular Republican whose name is stamped on the European coal-steel pool. The President asked him to make a quick survey of France's immediate financial crisis before Schuman or someone else attempted to form a government. Warned Schuman: "The problems facing us now must be solved immediately. It is a question of hours...
...European country that has done the best job of holding down inflation is Germany (see FOREIGN NEWS), whose cost-of-living index rose only 6% since 1953, while production increased 60%. With far fewer economic strains to contend with, Switzerland has held to a 5% rise. Britain has had a 16% rise in that time, now hopes its "hard pound" policy, expressed in courageously raising the discount rate from 5% to 7%, will finally check inflation, permit Britain to build up the gold and dollar reserves it needs to act as banker for the sterling area. In Asia, Japan...
...swept westward until it had engulfed Spain, one of the first areas to be liberated (by Charlemagne in 788) was Catalonia. There, in their outpost of Christianity, the proud, fiercely independent Catalans built their churches on the foothills of the Pyrenees, decorated them with some of the oldest European tempera murals and paintings still in existence. Long considered provincial copies of Byzantine art, less rich than the Moorish splendors of the Moslem mosques to the south, and primitive by comparison to the French Romanesque and Gothic triumphs to the north, these works of art only in this century have come...