Word: lambsdorffs
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...West German Chancellor Helmut Kohl, he faced the possibility last week of losing one of his key ministers as the result of a long-simmering financial scandal. After two years of investigation, Bonn Public Prosecutor Franzbruno Eulencamp announced that his office planned to indict Economics Minister Count Otto Lambsdorff on charges of bribery and corruption. Also accused were former Economics Minister Hans Friderichs, now chairman of West Germany's second-ranking Dresdner Bank, and three other officials. Eulencamp asked the Bundestag to lift the immunity Lambsdorff enjoys as a member of parliament. Despite strong expressions of support for Lambsdorff...
...simmering battle over the budget flared anew two weeks ago when Economics Minister Otto Lambsdorff, one of four Free Democrats in the Cabinet, announced that West Germany's growth rate in 1983 would not be 3%, as previously stated by Schmidt, but less than 2%, increasing the budget deficit by $4 billion. To make matters worse, Lambsdorff the week before had openly endorsed the F.D.P.-Christian Democrat alliance in Hesse, declaring that "the Hessian voter will decide what he thinks of a change of the Free Democrats into another coalition." His remarks infuriated Schmidt, who lashed out at Lambsdorff...
...allies applaud a policy of restraint. Said West German Minister of Economics Count Otto Lambsdorff in New York last week: "I feel it has been a wise and helpful decision not to officially declare a Polish default...
Last month unemployment reached a new record of 1.36 million, or 5.9%, and Economics Minister Otto Lambsdorff warned that the total could reach 2 million next year. But Schmidt's main problem is rising left-wing opposition in his party to the new U.S. missiles. The Chancellor could resign if his party does not support him on the issue at its convention next April...
...number of countries will probably try to help with short-term roll over deals and other bilateral measures. The U.S., for example, immediately announced the deferment of $88 million in Polish debt payments that would have been due over the next four months. West German Economics Minister Otto Lambsdorff assured Polish Deputy Premier Henryk Kisiel that Bonn would be willing to cooperate in comparable ways...