Word: luxembourger
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...crisis, and unable to suggest any method of coping with it. The Common Market countries faced two alternatives, neither pleasant for the U.S. The first would be a unified float of all the major European currencies against the dollar, a course favored by officials of Belgium, The Netherlands and Luxembourg. While floating against the dollar, the European currencies' exchange rates against each other would be held steady. That might indeed calm speculation. But it would be a step toward dividing the world into potentially hostile monetary blocs-specifically the U.S. v. Europe-that American Treasury officials have long feared...
...West German Cartel Office fined nine German companies $15 million on charges of fixing prices and sharing markets. The companies are appealing, but the Common Market's trustbusters are studying the case to see if the nine also should be brought before the European Court of Justice in Luxembourg. The companies may escape further chastisement, but for reasons that can give them only cold comfort. The cartel was terribly inefficient: prices fell, and markets were chaotic instead of orderly...
...minute documentary inevitably evokes comparison with The Sorrow and the Pity (TIME, March 27), an equally graphic chronicle of French life under Nazi occupation during World War II. La Guerre is the work of Yves Courrière, 36, a French journalist who quit his job with Radio Luxembourg to write a history of the Algerian war and later decided to make a film on the subject. "Very few people on either side really knew what was happening, even if they personally witnessed some of the events," says Courrière, who served with the French army in Algeria...
...significant dissent came from the director of an agency believed to serve as a front for French espionage. In a Radio Luxembourg interview, Colonel Roger Barberot of the Bureau for Agricultural Production Development speculated that the SDECE had used the heroin-smuggling incident to railroad De Louette. Said Barberot: "My conviction is-and some will tell you so officially -that the operation was mounted by a certain number of SDECE ageats in Paris. De Louette had to be got rid of in the United States. It is the sequel of that operation that is coming...
...course, the U.S. has lived moments of great historical importance, such as its entry into the last two world wars. What is lacking is a sense of destiny. A great country subordinates its domestic policy to its foreign policy. President Nixon maneuvers as if he were the President of Luxembourg...