Word: helmut
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...currency traders who knocked the British pound and Italian lira out of the E.C.'s monetary system two weeks ago displayed their own doubts about the future by selling off French francs in favor of German marks. French President Francois Mitterrand and German Chancellor Helmut Kohl, after conferring in Paris, vowed to work together, and their central banks jointly supported the franc...
Money problems completed the process of disillusionment. For months, partners of Germany have been pressing that nation to reduce interest rates and allow the stalled European economy to gather some speed. The problem was that German unification was costing far more than Chancellor Helmut Kohl had anticipated -- and honoring a German version of the "read my lips" pledge, Kohl was paying the bills by borrowing money instead of hiking taxes. As a result, interest rates rose not only in Germany but also throughout the Continent. Supporters of European unity could claim that the closer union envisaged in the Maastricht treaty...
...Though all parties denied it, the move was widely interpreted as an attempt to exert political influence over an institution that jealously guards its independence. Kohl argued that Germany had to offer a gesture of goodwill to French voters and other Europeans ahead of the crucial referendum. Bundesbank president Helmut Schlesinger opposed such an action but finally agreed to back a rate cut of some kind...
...special police powers to confront the skinheads and neo-Nazis did not seem to deter anyone. Although there was no breakdown in civic order, the attacks reached to the front door of the government: right-wingers threw fire bombs at a house of asylum seekers a mile from Chancellor Helmut Kohl's Bonn office...
Chancellor Helmut Kohl deplored the mayhem as "a disgrace for our nation," but it is far from unusual. Violent right-wing incidents -- mostly against foreigners -- jumped almost sevenfold last year to nearly 1,500, a recent federal report found...