Word: rearmaments
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Adenauer is not yet over all his obstacles in West Germany. The Socialist opposition has started a court action to outlaw the treaties on the ground that the Bonn constitution makes no provision for rearmament. Moreover, before a single German soldier can pick up his gun, the other five signatories (France, Italy, Belgium. The Netherlands, Luxembourg) must ratify. So far none...
...consumer credit, which is now at an alltime peak of $24 billion. Many a lender, notably the Bank of America, biggest in the world, began to tighten up on small loans, as businessmen talked of a possible recession if an end to the Korean war brought sharp cutbacks in rearmament orders...
...toughness in foreign policy. Sharing his long-range ambitions, they might feel that for the present, toughness is no longer paying dividends. Communist subversion in Greece led to the strengthening of Greece and Turkey. The 1948 Czechoslovak Putsch forced Western Europe into NATO; the invasion of Korea sparked Western rearmament. By 1956, the Kremlin may reckon, the Communist world is apt to find itself confronted by an armed and aroused U.S., supported by a coalition in which German and Japanese arms loom large. Here again, fact bolsters guess: now is perhaps the last chance to halt the rearmament of Western...
...took the famous Heimwehr oath, ". . . We reject the democratic western Parliament . . ."; in 1938 he served briefly in the pro-Nazi cabinet appointed by Chancellor Kurt Schuschnigg to appease Hitler, and took on the job of aligning Austria's economy with Germany's rearmament plan. During World War II, while Figl and other anti-Nazis were in concentration camps, Raab was free and an engineer for an Austrian road-building firm...
...Insult. Fortnight ago their chance came. Yoshida was under attack in the press for following a foreign policy "subservient" to that of the U.S. Socialists accused him of rearming Japan before Japan can afford rearmament; rightists warned that he is not rearming Japan fast enough to meet the Communist threat. (Hatoyama favors direct rearmament, wants to remove the disarmament pledge which MacArthur put into the Japanese constitution; Yoshida prefers the subterfuge of a national police force...