Word: non-communist
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With the U.S. convinced that a stable non-Communist government in Greece is essential to the security of NATO'S southern flank, and with his political enemies dispirited or exiled, Papadopoulos would seem to be reasonably secure. But is he happy? No Greek, of course, would ponder the question openly. Lecturing in Athens last week, West German Novelist Gunter Grass was willing to do so. "I went to Delphi today," Grass observed. "The oracle suggested that only when Prime Minister Papadopoulos, in his role of Minister of Defense, Minister of Foreign Affairs and Regent, also becomes the Archbishop...
...Saigon governmental structures. One means of accomplishing the would be to elect province chiefs and or enlarged and strengthened provincial councils. Elections at the provincial level are likely to encourage political candidates and groups to appeal to both rural and urban voters and to promote cooperation among non-communist groups. They would give the VC NLF the legitimate opportunity to enter the political process and to demonstrate their ability to win power at the grass-roots level. Provincial elections could also be suitably staggered so as to permit more effective supervision by outside observers and international bodies...
...world monetary system that would accomplish precisely the goal that the Group of Ten rich nations agree is necessary but have done little to achieve. Central to the proposal is the creation of more IMF-managed reserves to replace gradually the dollars and gold bullion that are used by non-Communist nations to settle foreign debts. The group also recommended the elimination within ten years of tariffs and quotas on manufactured goods, the reduction of import quotas and subsidies on agricultural crops, and cooperation in regulating capital flows without the use of artificial investment subsidies or restrictions on foreign investment...
That assessment represents a rare victory of reality over mythology. For decades, American statesmen and financiers have viewed devaluation as an unthinkable national humiliation and a devastating blow to the non-Communist world's financial system, which uses the dollar as the central trading currency. In fact, the dollar has long been overvalued, partly for reasons that reflect credit rather than blame on the U.S. American aid helped to revive Europe's war-shattered economies and create a mighty industrial power in Japan. Those actions reduced the U.S.'s dominance of world business, which the dollar...
...pulp, aluminum oxides and machinery. In return, Americans imported $72 million in Russian goods, principally sable skins, fuels, aluminum scrap, chrome ore and other metals. That was a mere drop in the samovar for the Soviet Union, which does about $5 billion worth of business a year with other non-Communist countries...