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To: GST who wrote (28610)2/19/1999 7:42:00 PM
From: goldsnow  Read Replies (1) | Respond to of 116894
 
Well, I guess I would try to do just that...
i have my doubts though that Europe is prepared to relinquish its power to Rotshilds as they have in previous centuries without a fight or call it hedge :)
Certainly Rotschilds can absorb most of the EMU gold in next 10-15 years..but what than?



To: GST who wrote (28610)2/19/1999 7:54:00 PM
From: goldsnow  Respond to of 116894
 
Signs of the time..

Chirac, Clinton Agree On Kosovo, Differ On
Bananas
06:47 p.m Feb 19, 1999 Eastern

By Arshad Mohammed

WASHINGTON (Reuters) - President Clinton and French President
Jacques Chirac stood shoulder to shoulder Friday in urging
Yugoslavia to accept a Kosovo peace deal and agreed to disagree
on issues from bananas to currencies.

After a day of talks marked by a cordiality once absent from
U.S.-French relations, the presidents emerged to tell reporters that
Belgrade must embrace a peace deal by Saturday or face a pounding
from NATO air strikes.

''We ... stand united in our determination to use force if Serbia fails
to meet its previous commitment to withdraw forces from Kosovo
and if it fails to accept the peace agreement,'' Clinton said at a joint
news conference.

Saying Washington and Paris were in ''complete agreement,'' Chirac
warned Yugoslav President Slobodan Milosevic that ''the time has
come to shoulder all his responsibilities and to choose the path of
wisdom and not the path of war.''

Their united front on Kosovo, the southern Yugoslav province where
ethnic Albanians are fighting for independence, did not extend to a
number of other issues where the United States and France have long
disagreed, including on the banana trade.

Clinton ruefully acknowledged he and Chirac had discussed the
dispute, which has vexed U.S.-European relations for years.

The United States argues that a prior European Union trade regime
on the fruit unfairly favored bananas from former British and French
colonies in the Caribbean and Africa to the detriment of some
Central American countries and U.S. companies.

A World Trade Organization panel found in 1997 that the EU
banana regime violated its rules, siding with the United States, which
now wants to impose sanctions worth $520 million a year to cover
estimated losses by U.S. companies.

The United States, which argues that EU's current banana regime is
also unfair, plans to impose sanctions on March 3.

''We're being quite strong about it because we do have companies
involved ... and because we think the trade law is clear,'' Clinton
said.

''We don't want to provoke a trade crisis, but we won,'' Clinton
added. ''The Europeans are basically saying, well, you won this
trade fight under the law but we still don't think you have a
meritorious position, therefore we will not yield.''

Chirac appeared delighted that the dispute was raised in public, and
gave no ground.

''President Clinton just said that the United States had ...
corporations involved,'' Chirac said. ''My answer is that we have the
actual workers who are involved.''

A U.S. official said the two men also discussed global financial flows,
with Chirac reiterating his desire to see more cooperation between
the United States and Europe to maintain stability between the euro,
the dollar and the yen.

Clinton, in response, reiterated the laissez-faire approach advocated
by U.S. Treasury Secretary Robert Rubin, who earlier this week
stressed that the United States believed ''the way you achieve
stability is through fundamental economic policy.''

Clinton and Chirac also discussed Iraq, where France has been
pushing for an easing of the oil embargo imposed on Baghdad after
its 1990 invasion of Kuwait. Other issues included strengthening
economic reform in Russia and devising rules to make the world
financial system more open and less vulnerable to dislocations like the
Asian financial crisis.

Chirac, who arrived in Washington Thursday, is due to meet U.N.
Secretary-General Kofi Annan in New York Saturday before flying
back to Paris.

Copyright 1999 Reuters Limited.