Word: helmut
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...satisfy his ministers, Callaghan agreed to speak personally with U.S. President Gerald Ford and West German Chancellor Helmut Schmidt, whose countries will have to put up most of the money for the IMF loan. He spoke on the transatlantic telephone to Ford, and cornered Schmidt face to face at a European Community meeting in The Netherlands last week. Both men refused to budge on the conditions sought by the IMF. Some British Cabinet ministers were dazed at the news that Schmidt, a social democrat like the British Laborites, had been every bit as tough as Republican Ford...
These glowing figures tend to support West German Chancellor Helmut Schmidt's oft-repeated view that the pound sterling, which has dropped 20% in value against the dollar in the past year, is actually undervalued. Says the research director of one of London's biggest merchant banks: "The North Sea will give sterling holders plenty of reason for encouragement if the government can only convince them it won't fritter it away in foolish increases in public spending. Once that message gets across, I wouldn't be surprised to see sterling firm up immediately...
...viewed as a personality contest between two competent, but certainly not dazzling, politicians who scarcely differ in their approach to key issues. Most Western and Japanese political leaders are softly cheering for Ford. His main attraction: being a known quantity, v. the relatively unknown Jimmy Carter. West German Chancellor Helmut Schmidt makes it a point to note privately that Ford has "grown" into the presidency and is much more intelligent and decisive than is popularly thought. But the West Germans also regard Carter as a highly competent, tough and intelligent politician, and are pleased that he has tempered his earlier...
...rest of Western Europe could have voted in West Germany's election, the pollsters might have predicted a handsome majority for Social Democratic Chancellor Helmut Schmidt. The fact that his nation had weathered a worldwide recession far better than most major industrial powers would alone have assured an outpouring of admiration at the ballot boxes in almost any other country. But West Germans, drawn by the homespun conservative appeal of Christian Democratic Challenger Helmut Kohl, refused to let Schmidt rest comfortably on his record. Trying to keep pace with Kohl, 46, in an unexpectedly tight race, Schmidt crisscrossed...
Despite the vitriol, the candidates had few disagreements of substance. Indeed, whichever Helmut won, it seemed there would be no fundamental change in West Germany's domestic or foreign policy. Both promised to lower unemployment (current jobless rate: 3.9%), raise pensions, maintain but not significantly expand other social services, crack down on terrorists, pursue detente with East Germany on more of a quid pro quo basis, continue close ties with the U.S., and lobby in other West European capitals for a stronger NATO. Their only substantive difference was over the issue of corporate-tax cuts, which Kohl favored...