Word: foreign
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Earlier, Carter's energy policy also met with a rather cool response. No foreign leader criticized President Carter publicly. But British Prime Minister Margaret Thatcher has long implied that the U.S. was being wickedly self-indulgent by using so much energy, and in off-the-record conversations top government aides in West Germany and Scandinavia were furious. "Another breach of promise," declared an adviser to West German Chancellor Helmut Schmidt, referring to Carter's follow-up on his pledge at the Tokyo summit to produce a tough energy policy...
...depends on Americans, who waste energy so badly." Vienna's daily Die Presse wrote: "The chances of the Carter plan's success are small because of conflicting interests and the population's clinging to 'the American way of life.'" Unfortunately, European, Asian and other foreign commentators failed to recognize that if Carter realizes his goal of creating an extremely large synthetic-fuels industry, it will spur a more significant, productive revolution in the U.S. than anything that non-Americans are likely to experience in the 1980s...
Even so, Carter's handling of the mass firings caused Europeans to cluck in wonder. A high-ranking West German Foreign Ministry official asked: "Is this serious, or is this just a great religious exercise for the soul?" Oslo's middle-roading daily Verdens Gang called the Washington situation a "circus" and a "balancing act without a safety net." Concluded London's conservative Daily Mail: "From this side of the Atlantic, Jimmy Carter's frenzied efforts to revive his personal standing with voters before the next presidential election look more like a narcissistic charade than...
Countless thousands of foreign investors expressed their lack of confidence in Carter in more concrete form by dumping dollars and buying gold. In short, they were voting with their money. "We were waiting for an energy program, and the exchange rate reflects the absence of one," commented Leonida Guadenzi, vice president of the Milan Exchange, where the dollar fell sharply against the Italian lira. Added one Milan trader: "When Carter speaks, the dollar plummets...
...desk of Treasury Under Secretary Anthony Solomon, who handles day-to-day defense of the dollar, began ringing incessantly. European central bankers and Finance Ministry officials demanded to know what was going on. Solomon could not provide inside information on what would happen next. Deprived of top-level advice, foreign money managers followed their instincts and bought some dollars to head off any major upset in the international exchange markets. The Federal Reserve Board also poured some $2 billion into the foreign exchanges to buy dollars, and at week's end the slide was stemmed. Still, in the past...