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...Eastern Europe, the key to rapid growth is economic reform--the more radical, the better. Countries that have wholeheartedly embraced capitalism and privatization of state industry, like Poland, the Czech Republic and Slovenia, will see 4% to 5% expansion this year and next. Russia, where the problems of postcommunist transition are worse, will show 1% growth in 1997--but that is miraculous after the ruin of the past. In 1998, DRI/McGraw-Hill forecasts, Russian growth will...

Author: /time Magazine | Title: GLOBAL FORECASTING | 9/29/1997 | See Source »

...only three new countries will be admitted to NATO in the first round, though others are to come in later. The welcome mat is out for the Czech Republic, Hungary and Poland. But France, Italy, Canada and other members of the alliance were pushing the candidacies of Romania and Slovenia, and in some conference rooms charges of "American arrogance" echoed. The U.S. will prevail, of course, because such decisions must be unanimous...

Author: /time Magazine | Title: NATO PLUS THREE | 7/14/1997 | See Source »

After the enlargement decision was made, many capitals thought the first group admitted should be big enough to be impressive. They wanted to add Romania and Slovenia to the three everyone agreed on. Clinton said no. He may be worried about presenting the Senate with a bigger bill than they will want to pay, or he may be concerned about the "Slovenia? Where's that?" factor. French President Jacques Chirac was particularly eager to see Romania gain entry. In a tete-a-tete with Clinton at the Denver economic summit two weeks ago, Chirac made a strong plea for both...

Author: /time Magazine | Title: NATO PLUS THREE | 7/14/1997 | See Source »

...Shades of Boutros-Boutros Ghali. The U.S. insists that the first round of NATO expansion include just three countries: Poland, Hungary and the Czech Republic. "The United States position is firm," said White House press secretary Mike McCurry. Though most NATO members would prefer to include Romania and Slovenia as well, the dispute is not critical. Fearing that including all five of the key nominees would make it harder to achieve the next round of NATO expansion, leaving countries like Albania out in the military alliance cold, Clinton wants to make two strong candidates wait. At NATO headquarters in Brussels...

Author: /time Magazine | Title: Salting the Mine | 6/12/1997 | See Source »

...Madrid, NATO foreign ministers are divided on whether the first round of NATO expansion should take in three or five of the eleven countries interested in joining. One senior NATO official said talks are stalling over whether to invite just Poland, Hungary and the Czech Republic or to add Slovenia and Romania as well. While the U.S. has not publicly said which countries it is backing for membership, officials say privately that they prefer to start with just Poland, Hungary and the Czech Republic. The reason, reports TIME's Douglas Waller, is that the U.S. wants to admit a small...

Author: /time Magazine | Title: Cutting the Cards on NATO | 5/29/1997 | See Source »

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