Word: steger
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Dates: during 1980-1989
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...Economic Affairs, noted amid a chorus of agreement that "one of the other dimensions that hold us together is the economic one-shared economic values in the sense that prosperity in Europe is beneficial to prosperity in the United States and vice versa." Said West German Social Democrat Ulrich Steger, his party's spokesman on international economic affairs: "The economic issue is a topic that affects our people and the Western alliance more than all the quarrels about missiles." According to Steger, 95% of West Europeans believe that American economic policies have pushed them deeper into the recession...
European complaints about the management of the U.S. economy focused on the large U.S. budget deficits that are keeping real interest rates high. West Germany's Steger summed up the European case by warning, "As long as you stick to this policy of high deficits, an overvalued dollar, capital sunk in for the health of the New York stock market but not industry, then there will be pressure for protectionism." U.S. Senator Charles Mathias, a Republican from Maryland, also took the lead in voicing concern over protectionism, referring specifically to rising U.S. public pressures for import restrictions. "Protectionism...