Word: europeanization
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Dates: during 1970-1979
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...insisted Pasti of the Communists. "It's a democratic party; I am convinced of that." Common Market Commissioner Altiero Spinelli, 68, meanwhile, became a surprise Communist choice for the Chamber of Deputies. Spinelli, a former Communist and political prisoner under Mussolini, became his nation's most celebrated European federalist after the war. "Italy is taking a gamble with the Communists," Spinelli admitted last week from his Common Market office in Brussels. "But things have deteriorated so much that we have to take a risk...
...Compared with its European neighbors, West Germany is enjoying an exceptionally vigorous recovery from the industrial world's worst postwar recession. Its output of goods and services is expected to rise 4.5% this year, and inflation is running at 5.2%, one of the lowest rates in any developed country. Yet, paradoxically, the very vigor of the comeback has created an increasingly worrisome problem. The rising value of the mark against other major currencies is threatening to cut into critically important export sales by putting many German goods at a price disadvantage in world markets...
Just since January, corporate treasurers, bankers and other investors have bid up the price of the mark about 7% against an average of all major currencies. Compared with the currencies of the most economically troubled European nations, the mark's rise has been striking. So far this year, it has climbed 19.6% against the sinking Italian lira and 13% against the British pound, which last week slipped below $1.80 for the first time. Moreover, with Germany's strong recovery all but assured, any further economic disruptions in Europe this year will probably kick the value of the mark...
...rediscover the New World. Born in Cuba of French ancestry, and for years a political exile in Paris, he has always known how mistaken Europe and America were about each other. His unique perspective has influenced him, perhaps defensively, to explore in his writing the tensions between European assumptions and American reality...
This farcical circle of palace revolts is interrupted by the reverberations of a European cataclysm: The Great War. While a massacre by the Head of State provokes brief, tongue-clucking scandal in the French press, the tales of Hun atrocities shock Latin Americans who believed, above all, in the civilization of Europe. And the ideology that fills the moral vacuum left by the collapse of the old cultural value is Marxism...