Word: pan-european
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...will soon replace their local money with one currency--the euro. This monetary union, which is to begin Jan. 1, 1999, will be the most important event to occur in the international financial system since the collapse of the fixed-exchange-rate system in the early 1970s. An independent Pan-European central bank will determine how much money to create and will set a single short-term interest rate for all member countries. But an interest rate that curbs inflation won't do much to create jobs during the highest European unemployment since World War II. If confidence...
Despite the treaty their leaders signed in Maastricht, some citizens in the 12 member nations have come to have doubts about the pan-European projects and dreams that had beckoned so beguilingly in the aftermath of the cold war. The Danes spurned the Maastricht treaty because they feared an overcentralization of power in Brussels. Ireland did vote in favor of the treaty in June. France's President Francois Mitterrand, who did not have to call a national referendum, chose nonetheless to do so after the Danish vote in order to boost his own stature. He assumed the treaty would easily...
...sense of mid-'60s retro time warp seems almost deliberate. The omnipresent piped-in music is a dated, Muzaky mishmash. Outside the vast white Pavilion of the Future sits the pan-European Ariane 4 rocket. There is a heliport and, of course, a monorail...
...CARMELA! Pan-European charmer Carmen Maura (Women on the Verge of a Nervous Breakdown) is a cabaret artiste caught in the crossfire of the Spanish Civil War. Director Carlos Saura makes all the obvious points, but Maura makes them shine like new truths...
...have in mind an alternative approach. One key element would be to institutionalize European development and establish totally new structures on a Pan-European basis, naturally with the U.S. and Canada actively involved. Another would be to synchronize the political and disarmament processes with the pace of German unification, or at least link them as closely as possible. Incidentally, in our view, this synchronization is one of the main functions of the "two plus four" mechanism ((the current negotiations among the wartime Allies -- the U.S., Britain, France and the Soviet Union -- plus the two Germanys...