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To: John Hunt who wrote (24025)	12/9/1998 12:19:00 AM
From: Lalit Jain	Read Replies (1) \| Respond to of 117029

Economists call for EU currency tax, job creation LONDON, Dec 9 (Reuters) - More than 400 economists from across Europe called on the European Union on Wednesday to slap a tax on all foreign exchange deals and set a goal of halving unemployment within three years as part of a radical new left-wing policy agenda. In a memorandum published across the EU, the economists said the defeat in October of conservative German Chancellor Helmut Kohl had removed a major obstacle to the introduction of new policies to tackle economic and social insecurity. ''The global economic crises demonstrate the urgent need for action,'' Professor Jonathan Mitchie of the University of London's Birkbeck College said in a statement. ''At the same time the election of governments that are no longer tied to the old orthodoxies of the Maastricht Treaty creates the possibility for new policies appropriate to the new circumstances.'' The statement, ''Full Employment, Solidarity and Sustainability in Europe,'' said present policies inspired by the 1991 Maastricht Treaty, which laid the foundations for the EU's single currency, posed the threat of a deflationary spiral that would have ruinous economic and social effects. The economists advocated, among other things: -- a 50 percent reduction in unemployment in three years through the close coordination of expansionary national employment policies to boost domestic demand. -- more public investment, extension of public services, targeted job creation schemes and cuts in the working week. -- suspension of the Stability and Growth Pact, which limits deficit spending by the 11 countries that will launch the single currency on January 1. -- a one percent tax on all currency transactions coupled with a clear statement that the EU would be determined to apply strict capital controls if necessary to stem disruptive financial flows. -- the possible introduction of exchange rate corridors, in coordination with the United States and Japan, with firm commitments to market intervention. The economists said their agenda would increase popular support for the EU among citizens disenchanted with belt-tightening and high jobless rates. biz.yahoo.com

To: John Hunt who wrote (24025)	12/9/1998 7:46:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 117029

Albright Urges NATO to Take Broader Role Plan Draws Mixed Reaction From Allies washingtonpost.com << Secretary of State Madeleine K. Albright laid out an American blueprint for NATO's future today, urging wary European allies to adapt the alliance to fight such global threats as terrorism and the proliferation of nuclear, chemical and biological weapons. -- cont'd -- >> As I said before, you really have to wonder what Slick and Madeline are up to ... Global Wag-the-Dogs-of-War?