Word: westernism
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Dates: during 1970-1979
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...backdrop of the national insignia, a black eagle with spreading wings, Chancellor Helmut Schmidt took the podium. Sturdy-looking as a Hamburg dock, chin set squarely as a chopping block, he methodically reviewed the state of his nation three decades after its occupation by the three Western Allied powers that defeated Nazi Germany in World War II. The Federal Republic, he said, had unparalleled economic development, democratic security at home and high prestige abroad, detente in the traditional tinderbox of Central Europe. At one point in his speech, Schmidt said something that could not help stirring the silent emotion...
Italian Economist Nino Andreatta, a leading planner for the Christian Democrats, blames West Germany for holding back Western European recovery because of its excessive fear of inflation. One Italian foreign ministry official goes further, saying that West German policies have actually slowed down the process of recovery, and complains that "we have told Bonn this many times but to no avail...
...Ruhr into the peacetime turbine of Europe should be more than capable also of becoming more outward looking and less tightfisted, given time. Many are willing to bet on it, and therefore to welcome the growing West German power. "What disturbs us is to have a power vacuum in Western Europe," says Italian Author Luigi Barzini, one of the Continent's shrewdest pundits. "It's as if this were a circus without a lion tamer. That is dangerous. So, by and large, we would not be terribly disturbed if the tamer were West Germany...
Since he assumed power in May, 1974, Schmidt has led his country into a position of strength in the Western world through his strong economic policies and leadership role in the European Economic Community...
...only Western leader who has managed to keep inflation low and productivity very high--West Germany's trade surplus exceeded $20 billion last year--the 60-year-old chancellor has taken a leadership role in both Europe and the world...