Word: helmut
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...foretaste of what may be in store at Williamsburg came last week from French President François Mitterrand. At a press conference following a meeting with West German Chancellor Helmut Kohl, Mitterrand lashed out at American economic policy and complained that "it is not normal for the U.S. budget deficit to be paid by us in Europe." His meaning: U.S. shortfalls are the prime cause for continuing high international interest rates; these, in turn, could squelch the hesitant economic recovery in Western Europe. As a side effect, the level of interest rates has powerfully augmented the value...
...system of floating exchange rates. But while Mitterrand's concerns about unstable currencies may be somewhat self-serving, they are shared by a growing number of prominent people. In recent weeks, Federal Reserve Board Chairman Paul Volcker, Investment Banker Felix Rohatyn and former West German Chancellor Helmut Schmidt have all talked of the need to dampen the swings in currency values. Former Secretary of State Henry Kissinger, like Mitterrand, has called for a summit meeting to revamp the monetary system...
...response of West European leaders to Andropov's proposal was by turns hopeful and ambivalent. West German Chancellor Helmut Kohl welcomed the latest Soviet move as offering promise for a U.S.-Soviet missile agreement this year. British Foreign Secretary Francis Pym described Andropov's remarks as "a step in the right direction. It is a very modest move; they are still taking a very hard line." French President François Mitterrand reaffirmed his nation's determination to be excluded from the Geneva talks. Said he: "This Soviet demand is very old. I will remain deaf...
...nuclear missiles under independent French and British control be counted alongside those of the U.S. If the proposal were accepted, the U.S. would in effect forgo its deployment plans while allowing the Soviets to keep many of their SS-20s in place. As former State Department Counsellor Helmut Sonnenfeldt told participants at TIME'S Atlantic Alliance Conference last week: "The problem of the British and French forces is probably the single most difficult political and psychological issue we face in the West...
...role as a self-described "citizen of our Atlantic community," Helmut Schmidt has become, if anything, even more outspoken than during his eight years as Chancellor of West Germany. He still has harsh things to say about U.S. leadership of the alliance. But he remains a firm believer in checking Soviet expansion, and, like his successor Helmut Kohl, he is committed to the NATO "double-track" decision. Excerpts from Schmidt's keynote address to TIME'S Atlantic Alliance Conference...