Word: luxembourg
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...highlights the accelerating pace of antitrust action in Europe. Though empowered by the EEC's founding Treaty of Rome to prevent "distortion or restriction of competition," the Brussels-based Competition Department at first did little to break up Europe's traditionally cozy relationships between competitors. But since Luxembourg Diplomat Albert Borschette took over as antitrust chief in 1970, the EEC has become far more aggressive. Says Borschette: "I think it would be better for us to have three or four medium-sized companies in real competition [in each major market] than to have one big company...
...Passport. Getting no support from anyone else, Wilson eventually accepted a compromise. At the conference, the Common Market will speak through the voice of the Italian delegation; two other countries, Britain and Luxembourg, will be able to make comments as well, so long as they basically adhere to the overall Market position. Wilson's obstinacy, however, did gain Britain something: the Nine agreed to support a minimum price for oil, possibly $7 per bbl. The costs of producing the North Sea oil are so great that Britain feared any drop in prices would make its stormy offshore fields unprofitable...
Kimberly A. O'Neill Luxembourg...
Watergate, too, figured in the election; Wyman is under investigation by the Special Prosecutor's office for helping arrange a $300,000 contribution to Nixon's 1972 re-election campaign. The donor: Ruth Farkas, member of a wealthy New York department store family, who became Ambassador to Luxembourg after giving the money. Wyman conceded that he had been questioned by a Watergate grand jury about the Farkas affair, but refused to discuss the matter during the campaign. Wyman apparently remains in some danger of indictment, a possibility that President Ford boldly decided to ignore in choosing to campaign...
This year's General Assembly president is Luxembourg's Premier and Foreign Minister Gaston Thorn, 47, who is a deft negotiator-and compromiser. Thorn may be spared having to deal with some difficult issues. South Africa, for instance, will not immediately attempt to retake its seat in the Assembly, thus postponing a showdown between the Western nations, who insist that the U.N. should be open to all, and the Third World countries who voted to bar Pretoria's delegates during the Bouteflika era. For different reasons, Israel will also not be a seriously divisive issue. Syria will...