Word: musts
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Dates: during 1980-1989
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...narrator, recalls himself as a younger man, when he was willing to take facts at face value, to be what he calls incredulous. He recognizes and scorns another manner of thinking: "If two things don't fit, but you believe both of them, thinking that somewhere, hidden, there must be a third thing that connects them, that's credulity." But then, as a graduate student in Milan, he writes a doctoral thesis on the Knights of the Temple, a medieval order of warrior-monks formed in the 12th century and suppressed by the Pope in the 14th, who have vanished...
Sachs' message is simple: debtors must reform their economies by methods that include collecting more taxes from the elite, while U.S. banks must forgive at least half their $59 billion of loans to Latin borrowers. "I don't believe we should move in small steps," says the economist...
...ideological earthquake rocks the Soviet empire, fracturing the social, political and economic arrangements that have guided East bloc relations since 1945, the first impulse is to check its force on the Richter scale. But the next task, the part where the debris must be cleared away and planners must construct something new, has not been addressed. No one -- not Mikhail Gorbachev, not George Bush, not any of the bloc's reform-minded leaders -- has presented a blueprint for the future of the Continent as a whole. Will Gorbachev's "common European house" mean political as well as economic integration with...
Moreover, the reformers must work with ingredients that have grown stale. Every East European nation faces to some extent a similar litany of consumer complaints: food and fuel shortages, inadequate salaries that are declining in purchasing power, massive budget deficits. It presumes a lot to think that East Europeans will sit quietly through the price hikes, plant closings, job layoffs and other austerity measures ahead. "It's a race against time," says Dominique Moisi, deputy director of the French Institute for International Relations. "Can the democratization of politics beat the Third-Worldization of their economies...
With Moscow's satellites going their own way, a new architecture must be created for the Continent. What should the blueprint look like? -- Reform rattles the three stubborn holdouts...