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To: PaulM who wrote (17086)	8/31/1998 9:11:00 PM
From: William JH	Respond to of 116788

Armstrong believes that Western European countries have huge unfunded pension and welfare commitments that governments are going to be unable to meet. I've heard him say that the euro will be a way for the politicians to escape responsibility by saying "It's out of our hands, there is nothing we can do" when the bills come due.

To: PaulM who wrote (17086)	8/31/1998 10:10:00 PM
From: Alex	Read Replies (1) \| Respond to of 116788

Japan government holds emergency security meeting TOKYO, Sept 1 (Reuters) - Japanese cabinet members held a hastily called security meeting on Tuesday morning to discuss the North Korean ballistic missile launch toward Japan. Among the participants were Prime Minister Keizo Obuchi, Chief Cabinet Secretary Hiromu Nonaka, Defence Minister Fukushiro Nukaga and Foreign Minister Masahiko Komura. ''Prime Minister Obuchi called the meeting. He judged the meeting to be crucial from the standpoint of crisis management,'' a government official told reporters following the 10-minute meeting. The official would not comment further. North Korea on Monday test-fired a newly developed ballistic missile over Japanese sovereign territory for the first time, according to Japan's Defence Agency.