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...distribution of cash, according to Israeli intelligence sources. - By Jamil Hamad, Aharon Klein and Matt Rees/Jerusalem. EUROPE More Fudge Down On The Farm The Franco-German alliance at the heart of the E.U. has some life in it yet. Meeting at an E.U. summit in Brussels, German Chancellor Gerhard Schröder and French President Jacques Chirac seemed to clear the way for the E.U.'s enlargement by limiting growth in spending on the Union's farm subsidies to 1% a year from 2007 to 2013. But the deal, which was cut with British Prime Minister Tony Blair...
Like Abbott and Costello's "Who's on first?" routine, the coalition agreement unveiled last week by German Chancellor Gerhard Schröder and Green partner Joschka Fischer seems confused about basic issues, and destined to end where it began. But economists aren't laughing, because the E.U.'s biggest economy is also among its sickest: 3.94 million unemployed workers are draining government coffers, the GDP will grow only .5-.75% this year and the budget deficit will bust the E.U.'s 3% limit. Business leaders blame high taxes, expensive welfare programs and rigid labor laws, but the government seems...
...about George W. Bush's push toward war and what Blair admitted was a "fear it's being done for the wrong motives." They didn't like being out of the European mainstream, which was summed up in the "total hostility" French President Jacques Chirac and German Chancellor Gerhard Schröder declared toward the U.S. draft of a U.N. resolution that would automatically authorize war if Saddam Hussein stymies weapons inspectors. Forty percent of Labour delegates backed a rebel motion denouncing any use of force ever. Clinton got some digs in at Bush for disdaining allies and international institutions...
There's nothing quite like a spat between old friends. German chancellor Gerhard Schröeder, who heads a coalition of Social Democrats and Greens, narrowly won re-election last week. But he badly damaged relations with the U.S. during a campaign in which he forcefully opposed a war in Iraq-and his justice minister (since fired) reportedly compared Bush's tactics to Hitler's. The Bushies were furious, and embarked on a post-election campaign of calculated snubs of Schröeder and his deputies. The odd thing is that, for all the Administration's display of pique...
MobilCom might have been a great company if it didn't get saved so often. Burdened by debt from its 3G venture, the firm faced insolvency after France Telecom stopped its funding. Then Gerhard Schröder, mindful of the elections and the 5,500 jobs at risk, announced a ?400 million lifeline. Such bailouts are notorious monetary black holes, and analysts quickly noted that MobilCom would soon need another infusion without big changes. But for two reasons, this rescue may be different. First, commercial banks are no longer playing along, as they did in 1999 when pressured to save...