Word: europeanization
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Dates: during 1970-1979
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...Douglas, which is seeking Rolls-Royce engines for its medium-range ATMR; the other is from Boeing, which wants both British engines and wings for its 757. Supporters of the Boeing project claim it would mean 17,000 new jobs for British industry. Even Britain's most strongly pro-European newspaper, the Guardian, argued that "Callaghan should choose the project which promises to sell the most airplanes. This is not a dilemma in which Euro-loyalty ought to play too large a part. There can be scarcely any doubt about the sales prospects. Boeing or Douglas have the best chance...
...island, the basic problem seemed to be just that: they cannot. After nearly a decade, British public opinion still has failed to swing behind the Common Market; moreover, both Tories and Laborites are still internally divided on the question. With a general election looming in October, even pro-European politicians in Britain were not anxious to promote an unpopular cause. All they had to do was look at the polls. The most recent one showed that a majority of Britons?48% to 43%?favor quitting the Common Market altogether...
...also mystified by the incursions, but less alarmed than its Northern European allies. "It's definitely odd behavior," remarked a State Department official. "But if the Soviets were intent on flexing their muscles, they might send in navy vessels instead of lumber and fishing boats." Whatever the Russian motivation for straying into foreign territory, NATO vessels last week took part in Norwegian exercises that steered clear of the zone frequented by Soviet intruders...
...decade or more, leaders of Europe's Common Market countries have toyed with the tempting idea of forming a monetary union. Each time, attempts at linking national currencies were abandoned as premature because of widely different rates of inflation and economic growth within the European Community. The foundering dollar, though, has overshadowed these objections. Spurred by West German Chancellor Helmut Schmidt and French President Valéry Giscard d'Estaing, the Common Market is moving rapidly and seriously toward a new monetary scheme that would stabilize currencies of the nine member nations and thus enhance trade among them...
...switch to a basket of stronger currencies. To that litany, businessmen, bankers and money traders added a couple of new elements: dismay at the lack of any sort of dollar-strengthening scheme to emerge from the economic summit in Bonn of the previous week, and a feeling that European leaders are making unexpected progress on setting up a unified Common Market currency that could, in effect, reduce the dollar's importance in international trading and depress its value still more...