Word: internationale
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Dates: during 1970-1979
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Failure to approve the plan at the next defense ministers' meeting in Brussels in December, it is feared, could perpetuate a serious military imbalance. Although Moscow loudly claims that the new NATO missiles would give the West a perilous "strategic advantage," NATO planners, as well as the International Institute...
In other world capitals, South Africa's possible possession of the bomb was at least a distant menace to international security. At the U.N., which imposed an embargo on arms shipments to South Africa two years ago, the General Assembly called on Secretary-General Kurt Waldheim to conduct an...
But international bankers find this money eminently spendable. If Exxon earns $100 million on sales in Europe and deposits it in a U.S. bank's Lon don branch, the money becomes Eurodollars, and the bank can lend it to some other company to build a plant in Turin or...
On the other side, worried government bankers agree with Guido Carli, former chief of Italy's central bank, that Eurocurrencies have become ''the root of all evil in the international monetary system.'' In this huge worldwide market, currencies can be traded almost instantly and without...
American officials argue that the international money has partially thwarted the Federal Reserve's attempt to slow U.S. inflation by limiting credit. When the Fed tightens money to restrict loans in the U.S., banks often bring back the funds from the Eurocurrency market. In the past six months $16.5...