Word: hanse
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In Volcker's approach, however, finance men and bankers now saw not just another quick fix but a direct assault on inflation itself. Said West German Finance Minister Hans Matthöfer: "The package goes straight to the heart of the problem." Brussels Banker Roland Leuschel expressed a conviction shared by...
As searchlights swept menacingly over the heavily guarded border between East and West Germany, a raggedy patchwork balloon, traveling at a leisurely 10 to 15 knots, floated across the wall of fortifications, minefields, self-firing explosives and guard towers. Minutes later, the bizarre craft crash-landed on West German soil...
Remarkably, almost half of the 1,000 tons of gold that the IMF and the U.S. Treasury have put on the market in the past five years has been scooped up by one buyer: West Germany's Dresdner Bank. And its drive into gold has been pressed by one...
One result of the Israeli raids on Lebanon is that they are driving Western Europe even further toward the Arab camp. West Germany and France, in particular, are hoping to secure from the Arab oil states some kind of agreement guaranteeing oil supplies and are impatient with Israeli intransigence. Before...
This conservation ethic extends to basic attitudes and the smallest things. An average French family saves 18% of its income and West Germans put aside 12%, vs. just 5% in the U.S., which has the lowest savings rate of all industrial countries. Houses are only rarely heated from attic to...