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Article: West Germany standing firm
- Article from:
- Chicago Sun-Times
- Article date:
- May 26, 1986
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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BONN, West Germany (AP) West German officials, fresh from the
Tokyo summit, are standing firm against U.S. calls for loosening
their tight-fisted economic policies.
With steady economic growth and near-zero inflation forecast for
the coming months, the Bonn leadership is unlikely to change course
with national elections due in January.
West Germany's surging trade surplus, its reluctance to
stimulate its economy for fear of sparking inflation, and its refusal
to cut subsidies to farmers and some industries have long irritated
the U.S. administration.
At the Tokyo economic summit May 4-6, the West's major
industrial democracies endorsed the idea of coordinating efforts to
control ...