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Word: perestroikas (lookup in dictionary) (lookup stats)
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...Shoring up Moscow's economy was clearly the first priority, but there was no unanimity on how to do that. The fault line of debate ran just north of the Bonn-Paris axis. Leaders of Germany and France, with Italy chiming in, rebuked what they called the stinginess toward perestroika evinced in last month's London summit of the Group of Seven leading industrial powers. The Germans, whose $35 billion in commitments to Moscow surpasses all other sources of Soviet aid put together, were horrified by the crisis that had threatened to blow up in their faces. An unusually blunt...

Author: /time Magazine | Title: International Fallout: What the West Can Do | 9/2/1991 | See Source »

...morale booster, the White House was inclined to give reformers at least some economic reward. But if Gorbachev is to preserve his role as the leader of perestroika, a Bush Administration official warned, "he's going to have to move and move pretty quickly." Would greater trade, aid and investment -- pegged to concrete Soviet reforms -- make a difference? Most analysts remained profoundly skeptical. Meyer stressed that "there are no financial institutions in the Soviet Union capable of absorbing in a useful way large amounts of aid, at either the Union level or the republic level." Outside of German loans, Western...

Author: /time Magazine | Title: International Fallout: What the West Can Do | 9/2/1991 | See Source »

...Europe-wide agreement on troop and conventional-arms rollbacks. Japanese opinion makers, meanwhile, were hoping to extend the arms- reduction process to Asia by sweetening Tokyo's aid offers to Moscow. Said University of Tokyo professor Haruki Wada: "I think there is a feeling among our people now that perestroika is of the first importance...

Author: /time Magazine | Title: International Fallout: What the West Can Do | 9/2/1991 | See Source »

...promote more weapons deals and to lobby for permission to open B.C.C.I. branch offices in the Soviet Union. Former employees have told TIME that B.C.C.I. associates found it easy to bribe arms-factory managers and officials within the Soviet Union because of low pay, but that perestroika had cut into B.C.C.I. profits there. Reason: some government officials who favored the bank because of payoffs had been removed from their positions...

Author: /time Magazine | Title: Scandals: Not Just a Bank | 9/2/1991 | See Source »

...once again, he did all that, and more. In his attempt to break the ministries' stranglehold on the economy, Gorbachev made decentralization one of the cornerstones of perestroika. Under the slogan of demokratizatsiya, he created conditions around the country for popular local leaders, frequently outspoken nationalists, to defeat Moscow's minions. As a result of glasnost, the Kremlin faced up to some of the uglier truths of Soviet history, including the illegality of Stalin's annexation of the three Baltic republics...

Author: /time Magazine | Title: The Origins: Prelude to a Putsch | 9/2/1991 | See Source »

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