Word: europeanization
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Dates: during 1970-1979
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Taking into account all of the many factors glossed over by Reagan, Defense Secretary Rumsfeld characterizes the U.S.-Soviet military relationship as one of "rough equivalence," a view snared by many European officials. But Rumsfeld argues, like Reagan, that the Soviet Union is expanding and perfecting its arsenal of weaponry at such a rate that the U.S. does stand in real danger of falling dangerously behind in future years...
...brief but telling European family spat. Asked on television recently about the Communist electoral threat in Italy, West Germany's blunt Chancellor Helmut Schmidt suggested that Communist parties are really a problem only in countries where there is "reactionary clinging to old forms and old attitudes"-citing, among other examples, France. Then, in a published interview which appeared last week, Schmidt added that he did not want Communists coming to power in places like Italy and France, but if they did get government roles, it would not necessarily be a catastrophe. That was more than an irritated Paris could...
There are no serious reasons to state that southern European democracies will be governed by socialist-Communist alliances. It is true that in the Latin part of Europe, which includes France, political tensions are strong. But in these countries, social and political stability is stronger than people usually think. France links these two parts of Europe, and thus its own behavior will be important for its southern neighbors. Much depends on France...
...severely than the U.S., it also lasted longer. For example, unemployment began declining in the U.S. last June, but kept climbing in Europe well into the winter. Now, however, recovery in Europe, as in the U.S., is proceeding faster than had been expected. After two years of sagging demand, European auto sales are rising so rapidly that one executive of Simca in France says that his company cannot make cars as fast as customers want to buy them. Businessmen have got their inventories down, and their order books are filling up. Even the two countries with sick currencies, Britain...
...believes, as Assistant Treasury Secretary Gerald Parsky put it last week, that "commodity problems can be dealt with on a case-by-case basis." The U.S. prefers arrangements like the one between the European Community and 46 of its members' onetime colonies, under which commodity-producing nations get special loans if export revenues fall below a certain level. At Nairobi, Secretary of State Henry Kissinger will suggest an International Resources Bank that would borrow money from private firms and governments of developed nations and relend the cash to LDCs to increase raw-materials production...