Word: schmidts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...growing left-wing influence within the S.D.P. The Chancellor's firm stand against the demands of terrorists who seized the West German embassy in Stockholm late last month took much of the steam out of the opposition's charges of "impotence" and "leniency." In addition, Schmidt's government released figures from the country's economic research institutes predicting a "limited but stable upswing in the second half of the year." The projections showed an inflation rate of 5% or less (down from the present 5.9%), unemployment at 4% (currently 4.7%) and economic growth of perhaps...
Even opposition critics find it hard to fault Schmidt's handling of the economy. Since taking over from Willy Brandt last May, Schmidt, 56, has whipped the Cabinet into shape, told off his party's left-wingers, and zipped through the Bundestag a tax-reform program that had been stalled for years...
...when the economy seemed headed for a real slump, Schmidt and Finance Minister Hans Apel took the brakes off credit and then at the end of the year shifted into a full reflation program. If their projected Aufschwung (upswing) does come this fall-and especially if now returning consumer confidence puts some of the nation's huge personal savings back into circulation-the revival of the giant West German economy will give all Western Europe a big boost toward recovery...
...these are big ifs. Although Schmidt has emerged as a European leader with clout-some European papers even refer to him as "Super-Schmidt"-the Chancellor has not resolved all his problems. The major ones...
Buoyed by the state election results (and by a new poll that showed his popularity at 68%, up from 47% when he took office a year ago), Schmidt promptly declared that his legislative program had "won scope for action." He announced his intention to push several controversial bills through the Bundestag-notably reforms in vocational education and a measure that would give workers an equal say with shareholders on the boards of major companies...