Word: suharto
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...message U.S. policymakers delivered to Indonesia and Japan last week as Washington struggled to keep the economic turmoil in Asia from spiraling out of control. In a week of public and private arm twisting, Bill Clinton dispatched former Vice President Walter Mondale to riot-plagued Indonesia, where President Suharto is trying to backpedal from the terms of a $43 billion International Monetary Fund bailout. Among the 70-year-old Mondale's tasks will be to persuade the 76-year-old Suharto to make good on promises to break up monopolies and cartels run by the autocrat's cronies and members...
...Clinton officials are now considering what action to take if Suharto fails to implement key aspects of the bailout plan. Tough love may be necessary, but it's a difficult call when this mainstay of U.S. Asia policy sits atop a volcano of social unrest...
JAKARTA: Indonesia?s President Suharto has Washington over a barrel -- and he knows it. ?We can?t afford to simply pull the plug on him," says TIME correspondent Bruce Van Voorst, "because if Indonesia fails, the ripple effect throughout Asia, and beyond, would hurt...
...President Clinton?s special envoy, Walter Mondale, appears to have had little impact. His talks with Suharto Tuesday were aimed at dissuading him from playing chicken with the International Monetary Fund. ?The talks were friendly enough, but Suharto has made no concrete commitments,? says Van Voorst. While he awaits the second installment of his $40 billion bailout, Suharto did promise to implement the IMF program. But he also questioned its efficacy and vowed to press ahead with plans to peg his currency to the dollar -- against the will of the IMF and Washington...
...islands. The anger comes from 90% of the 202 million Indonesians who are Muslims and is largely directed against the nation's ethnic Chinese, who account for only 4% of the population but control about 70% of the economy. So long as the unrest is contained by Indonesian strongman SUHARTO, the Pentagon doesn't think an emergency evacuation will be required. But his hold is shaky, and if increased rioting turns into wholesale violence, the U.S. military might be called on to ferry Americans to safety...