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Veteran gamblers know not to count their money until the dealing is finished, and now the European Central Bank is learning the same lesson. Jean-Claude Trichet, the governor of Banque de France, was expected to take over the E.C.B. when Wim Duisenberg resigns the presidency next July. But the succession was thrown into confusion last week when a French magistrate ordered Trichet to stand trial for his role in the huge losses at Crédit Lyonnais during the 1990s, when it was still state-owned and he headed the French Treasury. Trichet protests his innocence and prosecutors previously...

Author: /time Magazine | Title: Things Get Tricky for Trichet and the E.C.B. | 7/21/2002 | See Source »

...Delhi expelled the Pakistani High Commissioner. Since December, the two countries have mobilized some 1 million troops along the border. THE NETHERLANDS Wheel of Fortuyn After an election campaign overshadowed by the assassination of anti-immigrant populist Pim Fortuyn, Dutch voters roundly rejected all three parties in Prime Minister Wim Kok's outgoing center-left coalition. The winners were the opposition Christian Democrats, who set about exploring coalition possibilities with the party Fortuyn founded - now the country's second-largest political force. But consensus looked unlikely, as the two parties fell short of a parliamentary majority and the leader...

Author: /time Magazine | Title: World Watch | 5/19/2002 | See Source »

...country where the Prime Minister, Wim Kok, famously likes to ride a bike to work, Fortuyn's flamboyance was a political statement in itself. He traveled in a Daimler with a fender flag bearing the family crest, employed a butler named Herman, wore tailored Italian suits and oversized ties, and reveled in his homosexuality. "He was like a jester, the one who holds up a mirror to the politicians and says, 'Look, you're ugly,'" notes Arthur Ringeling, a political scientist at Rotterdam's Erasmus University. Raised in a middle-class Catholic family, Fortuyn was a nominal Marxist during...

Author: /time Magazine | Title: Culture Shock | 5/13/2002 | See Source »

...independent report into the 1995 Srebrenica massacre blamed Bosnian Serb forces led by General Ratko Mladic for the deaths of up to 8,000 Muslim men, but it also strongly criticized Dutch peacekeeping forces and political leaders. After a few days' reflection, the entire Dutch government resigned. Prime Minister Wim Kok said the international community "is anonymous and cannot take responsibility in the name of the victims and survivors of Srebrenica...

Author: /time Magazine | Title: World Watch | 4/21/2002 | See Source »

Among the most popular and financially successful Norwegian films ever, Jensen's "documusical" has been lauded at numerous film festivals. One critic aptly dubbed it an Arctic version of Buena Vista Social Club, Wim Wenders' 1998 documentary about a legendary group of Cuban musicians. "The people up here don't take themselves too seriously," says Jensen, himself a Finnmark native. "The farther north you go in Norway, the more Latin the mentality...

Author: /time Magazine | Title: Singing in the Snow | 3/11/2002 | See Source »

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