Word: krag
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Dates: during 1960-1969
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...ascetic is Denmark's Premier Jens Otto Krag, 48. A dashing Dane with a nose for opportunity and an eye for pretty women, he has been married twice: first to Swedish Actress Birgit Tengroth, currently to Danish Movie Star Helle Virkner, who has been named as one of Europe's ten most attractive women...
...Copenhagen last week, after only six months in office, Krag faced his supreme political test when he introduced into Parliament a complex series of measures that will 1) extend all union contracts for two years, thus limiting wage increases; 2) fix maximum prices of all consumer goods except fish and farm products; and 3) compel all taxpayers to buy up to $290 in 4% bonds that cannot be redeemed for five years...
...trained economist, Krag insisted that his Draconian measures are essential; more than any other nation in Europe, Denmark had staked its economic future on joining the Common Market along with Britain. When De Gaulle blackballed Britain's membership, France's President shrewdly promised Denmark immediate admission. Krag's reply was sharp and to the point: "We have no wish to be one of President De Gaulle's pieces in the political chess game with Britain. It is important that we keep our two major customers, Britain and West Germany, inside the same organization. It must...
...Krag's loyalty to his friends abroad hardly allayed his headaches at home. Racked by severe inflation, Denmark last year saw its trade deficit dangerously increased to $486 million, while its currency reserves were cut in half. In the last four years, Danish wages have risen 40%, production less than 20%. The stringent new economic program drew anguished cries from employers and the political opposition, but Krag curtly rejected the traditional Danish compromise. Krag's coalition government can undoubtedly squeeze the bill through Parliament by its usual one-vote majority, and the Danes will have to tighten their...