Word: largest
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Dates: during 1980-1989
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...lending scheme that apparently took place on a branch manager's home computer in Georgia has grown into Italy's biggest banking scandal in years. Last week the disgrace claimed the two top officers of Italy's largest bank, the state-owned Banca Nazionale del Lavoro. Chairman Nerio Nesi, 64, and Director General Giacomo Pedde, 62, resigned after the bank's board heard the results of an initial probe into a scam in which the bank's Atlanta branch gave $2.6 billion worth of unauthorized export credits to Iraq to buy machinery and agricultural goods...
...advance the stalled process of economic integration and further the old dream of Continental unity. In a bold venture eyed warily by the rest of the globe, the twelve members of the European Community* have pledged to unite their markets by Dec. 31, 1992, creating the world's largest market and trading bloc. West Europeans have few illusions about their ability to create a United States of Europe. Even within individual countries, regional rivalries are still pronounced, and the Continent's cultural diversity will continue to be a barrier to political unification. Only last week the E.C. warned of "worrying...
...envy of the world" puzzled many prosperous West Europeans. Though still much admired, America, with its violent streets, racial tensions, drug addiction and homelessness, is no longer the beckoning place it once was. Says Jean Manuel Bourgois, vice president of Groupe de la Cite, France's second largest publishing house: "The magic of the American dream has gone. Today Europeans find less to envy in America...
Some of the harshest criticism is aimed at Brazil. The largest South American country embraces about half the Amazon basin and, in the eyes of critics, has shown a reckless penchant for squandering resources that matter to all mankind. Government leaders around the world are calling on Brazil to stop the burning. Two delegations from the U.S. Congress, which included Senators Al Gore of Tennessee and John Chafee of Rhode Island, traveled to the Amazon earlier this year to see the plight of the rain forest firsthand. Says Gore: "The devastation is just unbelievable. It's one of the great...
...failed dreams of yesterday have not discouraged Brazil from conjuring up more grand visions for today. The country has continued to build roads, dams and settlements, often with funding and technical advice from the World Bank, the European Community and Japan. Two of the largest -- and, to the rain forest, most threatening -- projects are Grande Carajas, a giant development program that includes a major mining complex, and Polonoroeste, a highway-and-settlement scheme...