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Money problems completed the process of disillusionment. For months, partners of Germany have been pressing that nation to reduce interest rates and allow the stalled European economy to gather some speed. The problem was that German unification was costing far more than Chancellor Helmut Kohl had anticipated -- and honoring a German version of the "read my lips" pledge, Kohl was paying the bills by borrowing money instead of hiking taxes. As a result, interest rates rose not only in Germany but also throughout the Continent. Supporters of European unity could claim that the closer union envisaged in the Maastricht treaty...

Author: /time Magazine | Title: Europe's Currency | 9/28/1992 | See Source »

...tempers mounted last week, the opponents of a more integrated Europe were making the most of the situation by pointing to German obtuseness as a taste of things to come. Recognizing the negative impact such perceptions could have on the looming French vote, Kohl paid an extraordinary, secret visit to the Bundesbank. Though all parties denied it, the move was widely interpreted as an attempt to exert political influence over an institution that jealously guards its independence. Kohl argued that Germany had to offer a gesture of goodwill to French voters and other Europeans ahead of the crucial referendum. Bundesbank...

Author: /time Magazine | Title: Europe's Currency | 9/28/1992 | See Source »

EDITORIAL SERVICES: Christiana Walford (Director); Jennie Chien, Hanns Kohl, Benjamin Lightman, Beth Bencini Zarcone...

Author: /time Magazine | Title: Time Magazine Masthead September 21, 1992 Vol. 140 No. 12 | 9/21/1992 | See Source »

...police powers to confront the skinheads and neo-Nazis did not seem to deter anyone. Although there was no breakdown in civic order, the attacks reached to the front door of the government: right-wingers threw fire bombs at a house of asylum seekers a mile from Chancellor Helmut Kohl's Bonn office...

Author: /time Magazine | Title: Fires in The Night | 9/14/1992 | See Source »

...used the occasion to urge once more the adoption of a constitutional amendment that would curtail Germany's liberal provisions for asylum. Germany continues to bear the brunt of Europe's population upheaval, taking in 256,000 asylum seekers last year -- a number that may double this year. But Kohl's Christian Democrats could soon get their wish. Leaders of the rival Social Democrats, whose support is essential for such an amendment, coincidentally abandoned their opposition only hours before the Rostock riots began...

Author: /time Magazine | Title: Germany For Germans? | 9/7/1992 | See Source »

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