Word: lambsdorffs
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...tend to believe the Soviets on this point and feel that they have little to fear from future cutoffs of the new pipeline. The Soviet Union is considered a far more reliable supplier of natural gas than Algeria, Nigeria, Iran and other potentially large suppliers. Said Count Otto von Lambsdorff, the West German Economics Minister: "I have complete confidence that the Soviets will fulfill their responsibilities...
...quota system would fall hardest on West Germany, which has invested more than $1 billion annually since the 1950s on new steel facilities and is Europe's most efficient producer. Says West German Economics Minister Count Otto Lambsdorff: "Our industry must not be penalized for having been in the forefront of modernization." But after weeks of bitter wrangling, the Europeans overcame West German objections and last week agreed to an unprecedented Common Market quota system that will reduce overall production by an average of 13% to 18% for nine months. The West Germans bluntly doubt that the plan will...
Neither side so far has produced convincing statistics, but by last week the squabbling had degenerated into some of the nastiest transatlantic name-calling in years. The West German Economics Minister, Count Otto Lambsdorff, expressed "surprise and regret" at the U.S. subsidy. One of his assistants captured the prevailing sentiment: "It hurts when your friends stab you in the back." In Washington, French Foreign Minister Jean François-Poncet led a weeklong parade of protesting diplomats through the White House. François-Poncet got a mere 15-minute meeting with President Carter, and that reflected the crisp indifference...
...giving much new force to the antinuclear movement. The West German government two weeks ago had to scuttle plans to build a nuclear reprocessing and waste-storage facility at Gorleben, near the East German border, after a Harrisburg-inspired protest by environmentalists and "citizen initiative" groups. Said Count Otto Lambsdorff, West Germany's Economics Minister: "This could be the death knell for our whole nuclear policy, including the export of nuclear plants...
...decline of three basic industries?steel, textiles and shipbuilding?that provide 4.3 million European jobs. Many companies in these ailing sectors have grown too unwieldy and inefficient to compete in a changing world. To survive, they must shrink, evolve and innovate. Says West German Economics Minister Count Otto Lambsdorff: "There is no reason for losing our heads, but the seriousness of the situation is not to be underrated...