Word: polish
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Dates: during 1980-1989
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...ringingly that "the American people will not accept martial law [in Poland]. They demand that Lech Walesa and the political prisoners of Solidarity be set free." But the Administration is still unable to win allied cooperation in any measures that would really punish Moscow for its role in the Polish repression...
After months of bitter and frustrating delays, Western bankers and representatives of the Polish government finally signed an agreement last week that permitted Poland to stretch out the payment of $2.4 billion in loans, which were actually due last year. The solemn signing at the glass-and-aluminum-sheathed headquarters of the Dresdner Bank in Frankfurt removed one obstacle to the start of talks on extending the deadline on $4.6 billion that Poland is scheduled to repay banks and governments this year...
Bankers, who once feared that their Polish loans might become total losses, seemed satisfied with last week's settlement. It requires the Poles to pay a stiff 1.75% above the basic international lending rate (currently 15½%). Warsaw is to repay $120 million this year, and the remaining $2.28 billion in twice-a-year installments beginning in December 1985. Notes an official of one of the 500 banks that took part in the agreement: "This all demonstrates that Poland has the ability to do more than people thought it could...
Last week's accord, though, did not clear the path to resolving fully the lingering Polish debt crisis. The U.S. and its NATO allies have said that they will not consider rescheduling the $2.2 billion owed to Western governments unless Poland eases the martial law that was imposed on the country last Dec. 13. The hard-line Western stand effectively bars banks from seeking a separate agreement...
DIED. Helene Deutsch, 97, eminent psychoanalyst and authority on myths and the psychology of women; in Cambridge, Mass. The Polish-born Deutsch, who was the first female psychoanalyst to be analyzed by Sigmund Freud, directed the Vienna Training Institute before immigrating to the U.S. in 1934. Rebellious in her youth and politically active all her life, Deutsch insisted that Freudian theory could liberate women. But many feminists have attacked her work, describing it as support for Freud's misogynous theories...