Word: europeanization
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Dates: during 1980-1989
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Bomb-disposal squads scurried around European capitals in response to threats. American embassy staff members were being airlifted out of Sudan. In Libya itself, nervous Westerners looked desperately for ways out of the country...
Yuppies beware! The pricey European food products favored by young urban professionals may soon become even dearer. President Reagan threatened last week to slap new quotas and tariffs on such imports as French white wine, Perrier water, Heineken beer, Guinness stout, Swiss and blue cheese, and Belgian chocolates. The curbs will be phased in beginning May 1 unless the European Community rescinds restrictions imposed last month on $1 billion worth of imports of U.S. soybeans, corn and other agricultural products. Says Secretary of State George Shultz: "If we can't work something out, then we've got to fight...
Western Europe will experience a slight lag as well because its manufacturers will have difficulties selling goods to struggling oil-producing countries. Even so, European countries are poised for a quick takeoff. "There should be no major downside risks for Europe, since they are not significant producers of oil," observes Alan Greenspan, chairman of the Council of Economic Advisers under President Ford. Europeans, who have historically paid higher gasoline prices than have Americans, cheer the oil slide as if it were a sporting event with the home team winning. OIL REACHES PREHISTORIC PRICES, exulted Spain's financial daily Cinco Dias...
...television trumpeted them to the world. Meanwhile, U.S. officials complain, the Kremlin has let private contacts dwindle to almost nothing and passed up opportunities for serious talk about more achievable agreements--a ban on chemical weapons, for example. Said Secretary Shultz to reporters flying back with him from a European trip: "We are never going to get anywhere doing things that way. We will get somewhere in our relationship with the Soviets when we are able to have some discussions that are relatively direct and quiet...
...Administration has made it unmistakably clear that, as one White House aide put it, "that bird ain't going to fly." About the best advisers can figure is that the Kremlin has reverted to its old game of trying to drive a wedge between the U.S. and its West European allies...