Word: schiller
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Long before Chancellor Willy Brandt began bidding for closer political ties with Communist Eastern Europe, West German Economics Minister Karl Schiller was pursuing a business Ostpolitik. Unlike Brandt's diplomacy, which is still in the negotiating stage, it has already produced a solid success. Last week in the Krupp company town of Essen, Schiller and Soviet Foreign Trade Minister Nikolai Patolichev toasted each other with Kupferberg Furst Bismarck champagne after signing what may be the biggest trade deal ever between the U.S.S.R. and a Western nation...
...Britain's Sir Eric Wyndham White, the former head of tariff-writing GATT, sit on I.O.S.'s board of directors. Former German Chancellor Ludwig Erhard spurned Cornfeld's overtures, and now heads a rival mutual fund, but no less a personage than German Economics Minister Karl Schiller turned up as the main speaker last month at a pep rally for Bernie's German salesmen...
This rise of 8.5%* is more than the 6.25% proposed by Economics Minister Karl Schiller last spring. It is also more than the 7.25% revaluation carried out by market forces in the four weeks since the mark was cut loose from its old peg. Schiller called the new rate "the golden mean-courageous but not foolhardy." It was clearly a compromise. Schiller wanted a change large enough to anticipate a continuing higher inflation rate outside Germany, but German industrialists argued for a lower figure. By making German exports more expensive and foreign countries' exports more competitive, the change should...
Much of the credit for the electoral gains belongs to the team around Brandt (see box, page 32). In pre-election polls, Brandt trailed both Kiesinger and his own Economics Minister Karl Schiller, who emerged as West Germany's popular politician. But Socialist publicists wisely played up the theme, "we have the right...
...Karl Schiller, 58, a former economics professor at Hamburg University. Schiller snapped West Germany out of its first serious economic slump in 1966 with his soziale Symmetric, a mixed economy combining features of the British welfare state with U.S. free enterprise. A shrewd campaigner who can explain complicated fiscal matters in a way everyone can grasp, Schiller might be considered for the chancellorship some day, despite his diminutive, unprepossessing appearance. Schiller is particularly pleased at having outfoxed the Christian Democrats, who opposed mark revaluation, by convincing housewives that a higher-priced mark would increase their buying power...