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...Grand Coalition, the nine Socialist Ministers (out of 19) were the stars of the government. Socialist Economics Minister Karl Schiller guided West Germany out of its economic slump; Transportation Minister Georg Leber (no relation to Julius) began unclogging Western Germany's Autobahnen by forcing freight off the roads and back onto the deficit-ridden rails. Foreign Minister Brandt conducted an imaginative eastward-looking policy. Meanwhile the Free Democrats were moving away from conservative policies and closer to those of the Socialists. Last March, Socialist and Free Democrat members of the Bundestag joined forces to elect Gustav Heinemann as the first...

Author: /time Magazine | Title: World: WEST GERMANY: OUTCASTS AT THE HELM | 10/10/1969 | See Source »

...discipline to deal with overheated European economies, the ministers agreed -in principle-to set up a unified monetary mechanism. The details would have to be worked out later. Nevertheless, France's Finance Minister Valéry Giscard d'Estaing and West Germany's Economics Minister Karl Schiller called the agreement an important step. Giscard added, perhaps too optimistically, that it was "the first time we have monetary solidarity among...

Author: /time Magazine | Title: Europe: Seeking Unity--Slowly | 7/25/1969 | See Source »

...plan has the particularly unattractive name of "crawling peg," but it has a notably attractive list of advocates. It was popularized largely by Princeton Economist Fritz Machlup, and lately has been advocated, in one form or another, by German Economics Minister Karl Schiller, French Finance Minister Valery Giscard d'Estaing and Hendrik Houtthaker, a member of the U.S. Council of Economic Advisers. Last week Guido Carli, governor of the Bank of Italy, also offered a crawling-peg plan...

Author: /time Magazine | Title: Money: A New Way to Reform | 7/18/1969 | See Source »

...think that Homer should be treated so charitably as a historian, but he concedes that, while the Trojan War is probably the "figment of the poet's imagination," that should not detract from the literary value of Homer's epic. When he ends his lectures, Berve quotes Schiller's poem, "To My Friends...

Author: /time Magazine | Title: Archaeology: Homer's Achilles Heel | 7/4/1969 | See Source »

...worried about losing the farm vote. Yet a change in parity is almost assured by the vivid contrast between the mighty West German economy and the inflationprone French economy-menaced by excessive wage demands while handicapped by obsolete plants and an unfortunately anemic capital market. German Economics Minister Karl Schiller had hoped that his country's real growth would slow to 4.5% this year, but has lately conceded that it will run about...

Author: /time Magazine | Title: Business: Money: Apres moi, la Devaluation | 5/9/1969 | See Source »

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