Word: summiteering
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...even his sternest ill-wishers were praying that it was not true. Late last week, as Radio Pyongyang nearly sobbed the announcement from a capital glum with rain, the news sent shock waves in widening circles from Seoul, Tokyo and Beijing to Washington, Geneva and the Group of Seven summit in Naples. "He was the greatest of the great men," intoned Radio Pyongyang. To the U.S. and others, he was merely a great, if unfortunate, necessity...
TIME: What do you expect to accomplish at this week's G-7 summit in Naples...
...dive in the dollar had once been expected to dominate this week's summit meeting of the seven major industrial powers in Naples. But now Secretary of the Treasury Lloyd Bentsen insists there will be no "detailed discussion" -- and perhaps wisely. What, after all, could Bill Clinton say? That he is not to blame for the battering of the buck, sees little he can do about it, and is not sure he should even try? A plausible argument could be made for all those propositions, but it would not calm the currency markets...
...Peace. Although NATO'S security umbrella does not cover the partnership's 21 members, mainly countries formerly in the East Bloc, it allows them to hold joint military exercises with NATO forces. Meanwhile, Russia and the U.S. also announced that President Boris Yeltsin and President Clinton will hold a summit in Washington in late September. And in a cementing of relations with other Western allies, Yeltsin signed a trade treaty with the European Union. The deal involves no direct subsidy but will enhance export prospects for Russia. European Commission President Jacques Delors termed the pact "the most global agreement that...
...Koreas came closer today than ever before holding high-level talks, setting a July 27 date for a summit. The presidents of the two countries are scheduled to come face-to-face in the communist capital, Pyongyang, the first such meeting in the 49 years since the Korean Peninsula was divided. Why should Americans care? A meeting between the two could cool Cold-War tensions and help further defuse a U.S.-North Korea standoff over Pyongyang's nuclear-weapons program. Already, though, signs are emerging of potential irritation between the two Koreas: the North refuses to discuss a second confab...