Word: europeanization
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Dates: during 1980-1989
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...Soviet leader, on a visit to East Germany, also charged that the United States had ignored the opinion of its West European allies by sending warplanes to bomb Libya last week...
...whose paintings, drawings and sculpture are currently on view at the Marlborough Gallery in New York City. At 50, Lopez bears a large reputation in his native Spain and has become (no avoiding the term) a cult figure among younger Madrid painters. In New York, whose sense of current European art can be irritatingly provincial, he is scarcely known at all. The main reason for this--apart from the difficulty some people have in judging serious figurative painting and distinguishing it from common illustration--is that Lopez works with fanatical slowness, so his total oeuvre is small...
...change in U.S. traveling patterns is already starting to have substantial effects. Until late last year, U.S. travel to Europe and the Mediterranean was setting records, thanks partly to the buying power of the strong dollar. Some 6.4 million Americans visited European countries in 1985, up from 5.8 million the previous year. Now the trade magazine Travel Industry Monthly expects European tourism by Americans to fall by about 25% in 1986. Western Europe's total revenue from U.S. tourists is expected to drop by $2 billion in 1986, from a record $7 billion last year...
...start-up of a new route from Miami to Madrid. The reason: lack of business. Says Hal Rosenbluth, president of a Philadelphia travel agency: "I think the public tends to perceive the U.S. flag carriers as targets." The airlines most immune to the slump are national carriers of northern European countries, which include the Netherlands' KLM, West Germany's Lufthansa and Belgium's Sabena. Israel's El Al, which adheres to rigorous security measures, also remains popular...
Less than a month after its narrow victory in national elections, France's new center-rightist coalition led by Prime Minister Jacques Chirac began last week to reshape the country's economy. First it managed to wring out of the European Community an agreement to devalue the franc by the equivalent of 6% against the West German mark. Then the new Prime Minister announced that he would denationalize up to 57 banks and companies, many of which had been nationalized before the Socialists came to power five years...