Word: thatcherism
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...already the sense of urgency is intense, the diplomatic activity frenzied. French President François Mitterrand and Soviet Foreign Minister Andrei Gromyko were on missions to Bonn last week, and Vice President George Bush will arrive in the West German capital next week. In Britain, Prime Minister Margaret Thatcher set forth her position in the House of Commons; in Rome, the Pope outlined his in an address to the Vatican diplomatic corps. With pressure building on all sides, President Reagan defended his record on arms control at an impromptu press conference and held a publicized meeting the next day with...
...official-and independent-report vindicates Thatcher...
...Falklands, the local radio station was alerted of the impending visit and broke the news to the islanders. The 900 residents of Port Stanley, now far outnumbered by the 4,000 British troops on the islands, raced outdoors into the blustery summer afternoon. Tousled by the wind, Thatcher said of her presence: "It is more than a visit. It is a profoundly moving experience." Throughout the tour, the Prime Minister repeated her pledge to safeguard the freedom of the islands and keep them British...
...David Steel, on a visit to the U.S., said, "At some point, they [Britain and Argentina] are going to have to reach an agreement about peace in the region and how the islands are governed." The pro-Labor Daily Mirror warned, "There will be other Prime Ministers after Mrs. Thatcher. They will not all share her enthusiasms nor have the same willingness to bear the expense." The price is indeed considerable. Recapturing the islands cost the government $1.1 billion, plus $1.4 billion in damage and loss of ships and aircraft. Declared Thatcher: "To maintain peace with freedom and justice...
...stem the run on sterling, British banks last week raised base interest rates 1%, a gesture that should help encourage speculators to keep their money in Britain. As soon as she arrived from the airport, Thatcher met with a team of Treasury officials at her Downing Street office. Tired as she was, the Prime Minister was expected to apply another brisk dose of resolution to the pound's neurotic behavior. As her Treasury aides pointed out, inflation in Britain has fallen in the last year from 12% to about 6%. Government budget deficits have been brought under control...