Word: europeanization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...produces nuclear warheads, the Jewish state has been known to be testing such a missile for at least a year. Analysts say the Kremlin is speaking out now only because it is engaged in a delicate diplomatic minuet. On the one hand, Moscow is pressuring the U.S. and its European allies to eliminate all medium-range missiles as part of a larger arms-control agreement. Last week, for example, Moscow demanded that U.S. warheads on NATO Pershing IA missiles deployed in West Germany be destroyed. The Soviets argue that any arms-control pact would be toothless if a strong...
...toward detente, he found villains in rogue warriors, not cold warriors. Indeed, in A View to a Kill, "Comrade Bond" is awarded the Order of Lenin. One of these days, he might even get a citation from Ms. magazine. The male chauvinist piggy is still susceptible to European beauties of no fixed abode or accent, but now he relies on their intelligence and independence. They can fight manfully; he can fall in love...
Such was the picture that emerged from a meeting last month of TIME's European Board of Economists, held at Interlaken, in the shadow of the Swiss Alps. If all goes well, the economists said, Europe's five-year-old expansion could last at least through 1988 and the average growth rate of the major nations could be maintained in the current 2.5% range. TIME's board acknowledged, though, that dangers are looming and that pessimism is on the rise in Europe. Said Board Member Hans Mast, senior economic adviser to the Credit Suisse First Boston investment bank: "In today...
Blocking the path to robust European growth is the low value of the dollar. Despite recent gains, the U.S. currency is still down more than 40% against the West German mark and the French franc since early 1985. That decline has damaged many of Europe's export-driven economies by making their products more expensive in relation to American-made goods...
...serious impediment to European expansion is the high level of interest rates. In Sweden, where GNP growth is expected to be only 1.5% this year, the interest rate charged by banks to prime corporate customers can be as high as 11.5%, compared with the 8.25% levied on similar loans in the U.S. Nils Lundgren, vice president of Pkbanken, a major Swedish bank, argued that the U.S. was responsible for pushing up interest rates around the globe because Washington must borrow so much money abroad to help finance the federal budget deficit ($221 billion last year). Said Lundgren...