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...assassinated ("Roman Pope do not approach the city which two rivers bathe/ Your blood and that of your followers will flow near this place when the rose will flower"). A rose? That had to refer to Mitterrand's election; after all, the flower is the symbol of the French Socialist Party. Within three months, Nostradamus had sold 232,000 copies...

Author: /time Magazine | Title: Doomsayer from the Past | 9/7/1981 | See Source »

...investment in America, thus driving up the dollar's exchange rate. President Reagan early this year quickly proclaimed his commitment to a tight monetary policy, and the dollar's worth continued to climb. As Poland smoldered, the Middle East flared and the French voted in a Socialist government, jittery money traders and investors looked to the U.S. as a bastion of political stability. The dollar in recent weeks has reached a four-year high against the pound, a five-year peak against the mark and postwar records against the French franc and Italian lira...

Author: /time Magazine | Title: Heady Days for the Dollar | 8/31/1981 | See Source »

Burdened with the highest inflation rate in the European Community and a slumping currency, the four-year-old center-rightist government of Prime Minister George Rallis is coming under a withering campaign assault from left-wing Socialist Opposition Leader Andreas Papandreou. The onetime University of California economics professor, now head of Greece's far-left Pan-Hellenic Socialist Movement, or PASOK, blames his country's misfortunes on everything from membership in the European Community to its return last year to full military participation in the North Atlantic Treaty Organization...

Author: /time Magazine | Title: A Greek Drama at the Polls | 8/31/1981 | See Source »

...improved, Papandreou's position has moderated somewhat. He no longer urges outright withdrawal from NATO and the European Community or a shutdown of U.S. bases. Instead, he is calling for a referendum on Community membership and annual negotiations with the U.S. on the status of bases. Although a Socialist government in a country has never before been an invitation to foreign investment, Papandreou boldly says, "If we become the government, there will be a real wave of new investment in Greece...

Author: /time Magazine | Title: A Greek Drama at the Polls | 8/31/1981 | See Source »

...European reaction was unfavorable to the Administration's decision. France, which is not a member of the NATO military organization and is developing its own neutron warhead, gave what amounted to a qualified endorsement of the weapon. Said Charles Hernu, the Defense Minister in the new Socialist government of François Mitterrand: "The neutron bomb must not obscure the reality of the threats posed by the [Soviet] Euromissiles." In West Germany, Franz Josef Strauss, who was the conservative Christian Democratic opponent to Schmidt in last year's election, said that the "dismal situation of defense budgets...

Author: /time Magazine | Title: Armaments: Risking Political Fallout | 8/24/1981 | See Source »

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