Word: germanic
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Dates: during 1990-1999
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...German Chancellor Helmut Kohl, though, all talk of tinkering with the Maastricht rules is anathema--and a potential threat to his re-election chances next year. "Kohl's already having trouble selling the German public on the idea of exchanging their hard D-marks for soft euros," says Paul Horne, a Paris-based international economist with Smith Barney. "If Jospin puts conditions to the Germans that they can't accept, it's goodbye euro." No wonder Kohl made a long phone call to Chirac the day after the election to seek assurances on France's future European policy...
...crucial test will come next week, when Jospin and Chirac head to Amsterdam for the European Summit. There the ministers are due to approve the controversial, German-inspired "stability pact," intended to impose continued budgetary rigor once the euro is launched. But Jospin has denounced the pact as a "super-Maastricht." If he sticks to that position in Amsterdam, the launching of the euro could be delayed or even scuttled...
CONVICTED. MARKUS WOLF, 74, elusive East German spymaster, known to cold war operatives as the "man without a face"; of kidnapping, and given a two-year suspended sentence; in Dusseldorf...
DIED. DAVID LUDLUM, 86, weatherwise historian whose meteorological forecasts influenced the course of World War II; in Princeton, N.J. Well before smiling suns and animated cold fronts gained the day (and screen), this soldier-forecaster surveyed the skies to help time a successful assault on a German fortress in Italy...
...political fudging, even though it was Germany that insisted on the 3% rule in the first place. For him, the creation of the monetary union and a more integrated E.U. is the essential goal, so he need not squint too hard at the technicalities. Not so the grumbling German people, who still shiver at the memory of the hyperinflation that wiped out the nation's savings in 1923. Germans put great store in a strong, reliable currency and are not thrilled at the prospect of giving up their beloved mark. If they are to trade it in for a soft...