Hollosi Information eXchange /HIX/
HIX MOZAIK 405
Copyright (C) HIX
1995-01-23
Új cikk beküldése (a cikk tartalma az író felelőssége)
Megrendelés Lemondás
1 OMRI Daily Digest - 20 January 1995 (mind)  48 sor     (cikkei)
2 CET - 20 January 1995 (mind)  159 sor     (cikkei)
3 VoA - NATO; Kelet-Europai piacok (2 cikk) (mind)  505 sor     (cikkei)

+ - OMRI Daily Digest - 20 January 1995 (mind) VÁLASZ  Feladó: (cikkei)

OMRI DAILY DIGEST Part II
Vol. 1, No. 15, Part II, 20 January 1995


POLL ON HUNGARIAN GOVERNMENT'S PERFORMANCE. An opinion survey conducted
in December by Szonda Ipsos found that general satisfaction with the
government was rated 44.9 points on a scale of 0 to 100, a drop of 0.8
points compared with November and a 3-point drop compared with October,
Magyar Hirlap reports on 19 January. The government fared even worse
with regard to its performance on the economy, the easing of social
problems, and the maintenance of law and order (a combined total of 42.9
points). The population was most satisfied with the government's
performance in developing relations with Hungary's neighbors and in
guaranteeing media freedom, with the government's rating declining only
by 1-2 points. -- Edith Oltay, OMRI, Inc.


ROMANIAN PRESIDENT DISMISSES CALLS TO BAN HUNGARIAN PARTY. Traian
Chebeleu, a spokesman for Romanian President Ion Iliescu, on 19 January
described calls to ban the Hungarian Democratic Federation of Romania--
the main political organization of Romania's Hungarian minority--as
"extravagant." Gheorghe Funar, the controversial leader of the ruling
Party of Romanian National Unity, recently proposed a referendum on
whether to outlaw the HDFR. But Chebeleu said a referendum can be held
only in accordance with the constitution, indicating that Funar has no
constitutional right to call such a vote. Recent demands by the HDFR for
more autonomy for Romania's ethnic Hungarians have prompted protests
from nearly all other Romanian parties. -- Dan Ionescu, OMRI, Inc.

[As of 1200 CET]

Compiled by  Jan Cleave

*****************************************************************
A tovabbterjesztest a New York-i szekhelyu Magyar Emberi Jogok
Alapitvany tamogatja.

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           [*]   [*]  [*]   [*]  [*]  [*]  [*]    
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Reposting is supported by Hungarian Human Rights Foundation News
and Information Service.
*****************************************************************


+ - CET - 20 January 1995 (mind) VÁLASZ  Feladó: (cikkei)

20 January 1995
Volume 2, Issue 15


REGIONAL NEWS
-------------

**War Criminal Sentenced**
  For the first time in the war in the former Yugoslavia a
  court there has convicted one of its own citizens of war
  crimes. 48 year old Serb Dusan Boljevic was convicted
  yesterday in a court in the Serb-held Krajina region of
  Croatia of killing six people of Croatian and Hungarian
  nationality. He's been sentenced to 20 years in jail.
  Boljevic is a former member of the rebel Serb territorial
  defense force. The killings occurred between October and
  December of 1991.

BUSINESS NEWS
-------------

**Croation Oil May Return to Central Europe After 3 Years**
  Oil could start flowing again on the Adria pipeline by next
  week. The line links Hungary with Croatia's coast. It also
  supplies the Czech Republic and Slovakia. Hungarian oil
  importer Mineralimpex says the line is technically sound. The
  line was shut off nearly three years ago because of the war in
  the former Yugoslavia. Its reopening is the result of
  UN-sponsored talks between Zagreb and Serbs who occupy the
  Krajina region of Croatia. The pipeline passes through the
  region. But the Hungarian daily newspaper Nepszabadsag says
  the Krajina Serbs have made new demands that put the
  pipeline's reopening into question. No details on the new
  demands were released.


SURVEY
------

**Head For the Hills**
  by Christina Crowder

  Hungary's highest point is just a short trip from Budapest,
  lying about 50 miles northeast of the capital. While they're
  not exactly the Alps, the forested hills of the Matra
  mountains rise  3,000 feet over the great Hungarian plain.
  Now that the snow is falling, the Matras are a great winter
  getaway. Among their attractions, peaceful walks in the
  forest, winter sports, and award winning wines.

  Morning sun casting long shadows through the trees and unmarked
  snow blanketing the forested hills make it hard to belive that
  the bustle of Hungary's capital is less than an hour away. A
  quick trip by car or bus will put you in the heart of
  Hungary's highest mountains. Covered by about 90 thousand
  acres of forest, the Matras are one of Hungary's best winter
  destinations. Tibor Kiss couldn't agree more. A student
  from Budapest Kiss came with friends to relax after university
  exams.  He says the mountain air is much better than the
  congestion and stress of the city.

  "We've just popped up to the Matras for a day.  We're
  practicing  skiing and things like that. I'ts cool here
  in the mountains. We're doing a little skiing today and
  then tomorrow we're going back to Budapest"

  Skiing is one attraction here in the Matras, though, the season
  is limited because the highest point, Kekesteto, is just over
  3,000 feet. The slope here is gentle but long, one trail goes
  for about a mile and a half, all the way down to the closest
  town, Matrahaza.

  Of course if you choose that route, you have to get yourself
  back up the mountain. Fortunately, there is a  public bus you
  can take; it  runs several times an hour. For those who
  don't leave the mountain, there's a T-bar type lift.
  While the snow lasts, the slopes are busy with skiers of all
  ages. There is a ski school on the hill, but you have to go
  down to Matrahaza to rent  equipment. Sleds can also be
  rented in many places around the Matras. You can also ice
  skate on the natural pond at Sas To, near Matrafured, but in
  this case, bring your own skates. For a break, don't miss the
  chance for a warm cup of coffee and a great view from seven
  stories up in the radio tower at the top of Kekesteto. On
  sunny days you can see as far as the High Tatras in Slovakia
  and far out into the Hungarian plain. But some people visit
  the Matras for more than the view. Lazlo Dala  has been a
  forester for many years in the Matras and works with the
  Mayor's office in the nearby town of Gyongyos. He says the
  Matras have a long history as a healthy retreat from the city.
  The clean air is said to be a cure for asthmatics and the
  quiet hills were a favored spot for the Udullu, or worker
  guest houses that were built during the communist era. Dala
  says the protected forests of the Matras are also a refuge
  for wildlife. On a quiet walk through the woods, you may
  run across a small herd of red deer, or see a white clad
  ermine scamper across your path. Not all of the wildlife
  here is native, however. Dala says the moufflon sheep has
  a curious history.

  "The moufflon were brought here to the Matra in the 1920's by
  the Karolyi counts, it is a kind of Corsican sheep. They put
  them into the northern part so that they could be hunted.
  But since the moufflon is a southern species, coming from the
  south, they came over to the southern side of the Matras where
  the ground is stony and warm."

  After you've finished enjoying the Matra's wildlife and fresh
  air, you might consider sampling the wines produced in the
  Matra region. As you descend from the hills, the forests
  turn into grape and fruit orchards. Almost every family here
  makes its own wine and private cellars are everywhere in the
  small villages around Gyongyos. Magdi Beres-Deak runs guest
  house and wine cellar in Gyongyospata. She says the climate
  and the soil in the region are ideal for wine making, and
  villagers are happy to show off their home grown vintages.

  "Every family, here in the village, has a cellar. I don't
  know exactly how many public wine cellars there are, but if
  the door of the cellar is open, you can knock and you're sure
  to be welcome. The villagers here are very hospitable and
  like having guests"


  Another alternative is a hearty Hungarian dinner. Game dishes
  are the region's specialty, and many restaurants feature the
  best of the local vintages. Whether you come to taste some
  fine wine, sled or ski, the Matras are well worth a day
  trip. Just  minutes away from the smog and winter gloom of
  Budapest, the Matra's are Hungary's winter wonderland.



ABOUT CET ON-LINE
-----------------

* CET On-Line - copyright 1994 Word Up! Inc. All rights reserved.
  This publication may be freely forwarded, archived, or
  otherwise distributed in electronic format only so long as
  this notice, and all other information contained in this
  publication is included.  For-profit distribution of this
  publication or the information contained herein is strictly
  prohibited.  For more information, contact the publishers.

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A tovabbterjesztest a New York-i szekhelyu Magyar Emberi Jogok
Alapitvany tamogatja.

           [*]   [*]  [*]   [*]  [*][*]    [*][*][*]
           [*]   [*]  [*]   [*]  [*]  [*]  [*]
           [*][*][*]  [*][*][*]  [*][*]    [*][*] 
           [*]   [*]  [*]   [*]  [*]  [*]  [*]    
           [*]   [*]  [*]   [*]  [*]   [*] [*]

Reposting is supported by Hungarian Human Rights Foundation News
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+ - VoA - NATO; Kelet-Europai piacok (2 cikk) (mind) VÁLASZ  Feladó: (cikkei)

date=1/5/95
      type=focus
    number=4-08056
     title=NATO: What The Future Holds
    byline=Maxim Kniazkov
 telephone=619-3615
  dateline=Washington
    editor=Phil Haynes

content= // actualities available in audio services //

anncr:   The Voice of America presents focus!

Music:   focus theme (establish and lose under)

Intro:   At their meeting in Brussels last month, NATO foreign
         ministers made what could be seen as the first practical
         step toward expanding the Atlantic Allience.  They
         agreed to set up a working group charged with studying
         the specifics of bringing in former communist countries
         that have gone the farthest in establishing democracy
         and free markets.  But even though the group is not
         expected to present its findings for another year, the
         move drew angry reaction from Moscow, with Russian
         president Boris Yeltsin accusing the west of attempting
         to replace the cold war with an equally "cold peace".
         The ensuing international debate has revealed a mixture
         of views both for and against a speedy NATO enlargement.
         In this focus report, V-o-A's Maxim Kniazkov presents
         the arguments set forth by leading U-S security experts,
         struggling with the painstaking quandary of where NATO's
         future lies.  Our narrator is_____________.

Text:    To questions whether NATO will expand in the future, the
         Clinton administration -- as well as its Western
         European allies -- answer a resounding "yes".

Tape:    cut#1   Burns  [00:22]

         "NATO leaders last January made a unanimous decision
         that in the future NATO should expand.  I don't believe
         there is any disagreement among NATO leaders on that
         issue.  And on December 1st, NATO foreign ministers
         reconfirmed that decision that NATO will expand.  I
         think the alliance, the NATO alliance, is unified on
         this issue."

Text:    Nick Burns is senior director for Russian, Ukrainian and
         Eurasian affairs at the National Security Council and
         special adviser to president Clinton. He says while all
         NATO members generally agree a course of future
         expansion for the alliance, there are many important
         specifics to be worked out.

Tape:    cut#2   Burns  [00:15]

         "I would like to specify that the NATO leaders have not
         set a timetable for that expansion.  They have not
         decided which of the countries to the east of NATO would
         be among the new countries to join."

Text:    Observers suggest these unanswered, but crucial,
         questions betray a notion of unanimity among NATO
         members about  the proposed expansion.  Should the
         45-year-old alliance grant the wish of Poland, Hungary,
         the Czech Republic and Slovakia to become NATO's newest
         members?  If so, how would their presence affect the
         already faltering cohesion within the alliance?  And
         what kind of historical baggage will the newcomers bring
         with them -- like the maze of centuries-old grudges and
         unresolved disputes that linger between some Central
         European states.

         These questions lie at the center of an increasingly
         intense debate on both sides of the Atlantic -- with
         proponents of expansion suggesting moving NATO's area of
         responsibility to the very borders of the former Soviet
         Union, while some opponents would do away with the
         western alliance entirely.

Tape:    cut #3   Perle  [00:32]

         "There is a strong desire on the part of a number of
         countries of Eastern and Central Europe to join NATO.
         That's certainly true of Poland, the Czech Republic,
         Hungary, and Slovakia, and others.  And as long as as
         they wish to join and believe their security would be
         enhanced by membership and as long as we think a sense
         of confidence on their part is an essential element of
         their progress toward democracy and stability, we should
         be prepared to enlarge NATO to accommodate them."

Text:    Richard Perle, who served in the Reagan administration
         as assistant secretary of defense, is among those who
         strongly favor bringing former Soviet bloc states into
         the alliance. But a sharply opposing argument is
         presented by Ted Galen Carpenter, director of foreign
         policy studies at the CATO Institute, a Washington
         research foundation.

Tape:    cut #4   Carpenter [00:19]

         "I would say first of all that preserving NATO in its
         current form is a bad idea form the standpoint of
         American interests.  Expanding NATO into Central and
         Eastern Europe is a dreadful idea with potentially
         catastrophic consequences."

Text:    These diametrically opposite views clearly demonstrate
         the scope of the debate that appears to have evolved
         into an overall review of the western alliance.

         This coming April, the North Atlantic Treaty
         Organization will celebrate its 46th anniversary.
         Created in the dawning years of the cold war in response
         to a massive Soviet military build-up in Eastern  and
         Central Europe, NATO for almost five decades has been
         providing western democracies with a solid shield
         against aggression.  There is a consensus among its 16
         members that over those years the alliance has become a
         highly effective security structure, a strong guarantor
         of freedom and prosperity for Western Europe and the
         United States.

         But the wave of democratic revolutions that swept
         Eastern Europe in 1989, followed by the disintegration
         of the Soviet Union and the Warsaw Pact, have
         fundamentally changed the political and strategic
         landscape of the region.  Last year's pullout of Russian
         troops from Germany and the Baltic states marked the end
         of Russia's military presence beyond the borders of the
         former Soviet Union.  Moreover,  most western security
         experts agree that the Russian armed forces -- as
         vividly demonstrated by their dispirited performance in
         the breakaway republic Chechnya -- are in the throes of
         a severe crisis, which is unlikely to be easily overcome
         in the foreseeable future.  That has led many experts,
         including Paul Warnke, former director of the arms
         control and disarmament agency, to conclude that the
         Russian threat western politicians warned about just a
         decade ago has become history.

Tape:    cut #5   Warnke  [00:44]

         "I don't think there had been a serious threat from the
         Soviet Union for the past ten years.  I think they
         realized that there was no way in the world that they
         could survive a war.  The collapse of the Soviet Union
         would have taken place, even if there were a limited
         war.  That is they could not count on their satellite
         states.  Now of course, the Warsaw Pact has disappeared.
         It cannot be reconstructed.  In order to get to Western
         Europe, they have to fight their way through Eastern
         Europe.  The second largest army in the Warsaw Pact is
         now a member of NATO -- East Germany."

Text:    And since NATO was conceived primarily as a deterrent
         against Soviet and Warsaw Pact forces, Mr. Warnke goes
         on to reason, the dramatic changes in Europe and the
         former Soviet Union call into question a need for the
         Atlantic Allience.

Tape:    [opt] cut #6   Warnke  [00:31]

         "I think you have to recognize that the fundamental
         purpose of NATO has now been served.  NATO was formed in
         order to keep the Russians out, the Americans in and, as
         one British journalist said, to keep the Germans down.
         So, the only purpose that NATO serves at the present
         point is to make the Western Europeans more comfortable
         with a bigger Germany and a Russia which is smaller than
         the Soviet Union but is still the biggest country in
         Europe." [End opt]

Text:    The pains of NATO's search for a new post-cold war
         mission have been evident in the past two years in the
         inability of the major western allies to find a common
         approach in dealing with the war in Bosnia-Herzegovina.
         Since the break-up of the former Yugoslavia, the allies
         have had difficulty in agreeing even on the nature of
         the conflict, with the United States viewing it as
         largely a Serb aggression and their European allies, as
         a civil war.  U-S appeals  to lift the arms embargo
         against the embattled Muslim-dominated Bosnian
         government have fallen on deaf ears, particularly in
         Britain and France, the countries that provide the bulk
         of the U-N peacekeeping force in Bosnia.  The lingering
         discord reached a climax late last year when the allies
         failed to agree on how to counter a Serb offensive that
         threatened to overrun the strategic northwestern enclave
         of Bihac.

         The ensuing finger-pointing further contributed to a
         perception that NATO was dangerously adrift and made
         analysts wonder  whether the proposed eastward expansion
         would be a boon or bust for the alliance.  But Robert
         Ellsworth, who served as deputy secretary of defense and
         U-S ambassador to NATO under two republican
         administrations, cautions against writing NATO off just
         because of its  inability to agree on a single issue
         like Bosnia.

Tape:    cut #7   Ellsworth  [00:49]

         "It's a very complicated problem, and, in a nutshell,
         the problem of NATO is that it has been put into the
         position by the leaders of NATO and by the leaders of
         the U-N of being under the political control of the
         United Nations bureaucracy.  And that simply hasn't
         worked because the United Nations has one function -- a
         perfectly legitimate function -- the function of
         peacekeeping.  And NATO has another function -- which is
         also a perfectly legitimate function but inconsistent
         with the U-N's function on the ground --  NATO's
         function is military compellent.  It always has been and
         always will be.  So, it has not worked out very
         effectively in the former Yugoslavia to say the least.
         And I think that's basically been the problem."

Text:    In Mr. Ellsworth's view, the dissention over Bosnia was
         essentially a by-product of a more important conceptual
         dilemma facing NATO in the post-cold war world.

Tape:    cut #8   Ellsworth  [00:44]

         "Now, the larger problem is that no one knows how to
         fill the vacuum in Europe left by the end of the cold
         war.  And so the proposals to expand NATO, to increase
         the legitimacy and the strength of the O-S-C-E
         [Organization on Security and Cooperation in Europe],
         formerly known as the C-S-C-E [Conference of Security
         and Cooperation in Europe], are all aimed at solving the
         problem of European security.  But everyone is baffled,
         all sides are baffled, because no one knows what the
         problems of European security are."

Text:    Still, Mr. Ellsworth is convinced that despite the
         disappearance of the Soviet threat, the western alliance
         still has significant value to all its members.

Tape:    cut #9   Ellsworth  [01:25]

         "NATO, however, retains some very valuable residual
         assets.  I say residual because that's what they are in
         the face of the reality that the Soviet threat is gone.
         The residual assets that NATO has that are very valuable
         to all of the member-states are a modern, efficient,
         highly effective and powerful logistics undergirding for
         all of the military structures of Europe, including the
         military structures of the United States and Canada
         insofar as they are based in Europe or envisage using
         Europe as transits to other strategic areas.  So that is
         one of the very valuable assets, residual assets, that
         NATO has.  [Opt] And the other one is that the military
         forces of Europe and of the United States have learned
         over the years through exercises, through training,
         through exchanges of doctrine, through
         intercommunications facilities, to work together and to
         operate together very effectively -- of course, the most
         recent example of that was in the Gulf War of 1990-91.
         But those two residual assets are extremely valuable.
         [End opt] And I don't expect them to be quickly or
         casually discarded.  On the contrary, I can envisage
         them remaining in place for a very long time to come."

Text:    NATO leaders argue that expansion of the alliance, which
         for about half-a-century served western democracies so
         well, can only enhance stability on a continent that has
         given birth to two world wars. But at the same time,
         neither the United States nor its European allies want a
         repeat of the post-World War Two scenario in which
         former allies were drawn apart by mutual suspicions and
         distrust.  Nick Burns, the Clinton administration
         adviser, says for the White House, avoiding new
         divisions in Europe is a paramount foreign policy
         objective.

Tape:    cut #10   Burns  [00:47]

         "President Clinton believes very strongly that the most
         important objective for the future is to find a way to
         achieve unity in Europe, integration in Europe, so that
         the countries of both the east and the west might agree
         on a common form of economic cooperation, political
         cooperation, military cooperation, and we might avoid
         repeating the mistakes of the past by not creating new
         divisions in Europe, by not creating armed camps in
         Europe.  And that is the most important objective that
         the United States has.  We believe that NATO expansion
         can serve that goal.  But this is a gradual process,
         it's an open process."

Text:    Nevertheless, NATO's proposed enlargement has emerged as
         an issue on which Washington and Moscow do not quite see
         eye-to-eye.  After NATO foreign ministers reaffirmed
         their determination to see the alliance move eastward
         last December, Russian foreign minister  Andrei Kozyrev
         publicly refused to exchange documents on Russia's
         participation in the "Parntnership for Peace" program --
         a NATO initiative aimed at establishing closer security
         cooperation with former Soviet bloc countries.  A few
         days later, president Yeltsin accused the west of trying
         of isolate Russia and build a new divide in Europe.

         Although the fiery rhetoric has subsided somewhat,
         Russian affairs experts say the expansion plan continues
         to agitate some government officials and politicians in
         Moscow.  Experts say their concern is two-fold -- first,
         the prospect of NATO expanding to the very borders of
         the former Soviet Union bothers them;  second, they fear
         the move could provoke a nationalist backlash in Moscow
         that president Yeltsin's government might not be able to
         survive.

         Ted Galen Carpenter of the CATO Institute believes
         losing Russia as a key player in Europe would be too
         high a price to pay for whatever benefits the
         enlargement of NATO may offer.

Tape:    cut #11   Carpenter  [00:35]

         "First of all, it would undercut the position of the
         democratic faction in Russia.  I don't believe any
         self-respecting Russian government could tolerate having
         a U-S-dominated alliance move up right to the borders of
         the Russian federation.  Second, it would risk at some
         point a confrontation with Russia, including possibly a
         military confrontation, over a region in which Russia
         has interests -- political, economic and security in
         nature that go back generations and in some cases even
         centuries."

Text:    That, however, is a view that Richard Perle, the former
         assistant secretary of defense, has trouble subscribing
         to.  Mr. Pearle, now a scholar at the American
         Enterprise Institute, thinks catering to Russian
         sensitivities at the expense of NATO's strategic
         interests could be seen by the rest of the world as a
         sign of alliance weakness.

Tape:    cut #12   Perle  [00:14]

         "I don't think we'll have a crisis with Russia if we
         enlarge NATO.  And if we don't enlarge NATO because the
         Russians prefer that we do not do so, what does that say
         about the relative strength of the United States?"

Text:    Russia's opposition, however, is certainly not the only
         hurdle on the road toward NATO's expansion.  Though the
         alliance members have approved the decision in
         principle, diplomats say support for further action
         among America's Western European allies remains
         lukewarm.  Jacques Delors, chairman of the European
         commission -- the European Union's executive arm --
         recently publicly deplored the Atlantic Allience's
         expansion plans, saying they might lead to renewed
         tensions in Europe.  And Paul Warnke's predicts that
         Western European leaders will eventually shun extending
         full security guarantees to Eastern European nations,
         leaving them essentially to their own devices.

Tape:    cut #13   Warnke  [01:03]

         "I'd say we can't expand NATO by ourselves.  And in my
         opinion, there would be strong resistance within the
         Western European community to an expansion of NATO that
         extended the full security guarantee.  So even if we
         were for it, we could not do it without getting the
         consent of the other NATO countries.  So, it's not going
         to happen.  NATO will continue to limp along, serving a
         very limited purpose."

Text:    Mr. Warnke suggests strongly that while NATO member
         remain firmly committed to defending one another if they
         are threatened, they would not be prepared to guarantee
         the defense of a former Warsaw Pact member.

Tape:    cut #13     Warnke
         "What NATO says is that we'll go to war, if anybody
         commits aggression against any NATO member.  Well, we
         are not going to extend that guarantee to Poland,
         Hungary and Czechoslovakia.  We would turn the other way
         just as we have in what use to be Yugoslavia.  I mean,
         NATO has failed its one critical test.  And it certainly
         is not going to expose itself to more failures".

Text:    This is a scenario Richard Perle takes issue with.

Tape:    cut #14   Perle  [00:40]

         "Clearly, the process of integration will take some
         time.  My own view is that the decision could and should
         be made now.  And with proper American leadership, the
         rest of NATO would agree -- now -- to enlarge NATO at
         least to include Hungary, Poland the Czech Republic and
         Slovakia, with the prospect that in the future others
         might well be added to that list.  And, while there are
         different views among the members of NATO, I believe a
         consensus could be reached to proceed in that way, if
         the United States were determined to do so."

Text:    However, if this determination exists in Washington, it
         is unlikely to be displayed this year unless there is a
         crisis in Europe.  Administration officials point out
         the issue of enlargement still requires much more study
         and careful consideration of all possible implications
         of the move.  Nick Burns of the National Security
         Council says an allied decision or plan for expansion is
         at least one year away.

Tape:    cut#14   Burns  [00:19]

         "NATO will not decide in 1995 to establish a timetable
         for expansion.  Nor will it enter into negotiations with
         prospective members. 1995 Will be a year of study in
         that respect, and so, I think we can give assurances on
         that account."

Text:    That leaves some key battles over the proposed NATO
         expansion to the perhaps distant future.  Analysts
         suggest the wisest move is to put off a decision until
         the present unsettled conditione in Europe have run
         their course.  With political tremors still shaking
         Russia and the rest of the former Soviet Union, time
         itself may give the answers as to when, where and how
         NATO should take in some of the former communist states.

Cart:    Focus theme (establish and lose under)

Anncr:   You have been listening to focus on the Voice of
         America.  Our program,  "NATO: What the Future Holds,"
         was written by Maxim Kniazkov and narrated
         by___________.  Focus was produced by___________ and
         directed by___________.

Neb/mk/pch

20-Jan-95 6:58 am est (1158 utc)
nnnn

source: Voice of America

*****************************************************************

Date=1/20/95
type=correspondent report
number=2-172668
title=East Europe Markets (l-only)
byline=Barry Wood
dateline=Prague
content=
voiced at:

Intro:  The new stock exchanges in Eastern Europe have been hard-
hit these past two weeks with prices down in Budapest, Prague and
Warsaw.  V-o-a's Barry Wood reports.

Text:  Analysts say it is a combination of factors that has
driven prices down on the three biggest exchanges in Eastern
Europe.

One force has been the financial crisis in Mexico which has
soured institutional investors on all emerging stock markets.  In
the Eastern European markets, which do  not  attract much local
money, the absence of institutional investors has reduced overall
share trading volume.

The biggest and steadiest declines have been in Budapest and
Prague.  The Hungarian market this week was adversely affected by
the collapse of a major privatization deal.  But the market has
been falling since November with the main market index down 20
percent in the past two and a half months.

In Prague, the market has declined for nine consecutive trading
sessions.  The main market index, Prague Stock Exchange 50, ended
the week at 548.   That index is down 30 percent since September.

In Warsaw, the market index ended the week at seven-thousand,
367.  That is an 83-point drop in the past five days.  The Warsaw
market had registered gains with prices up 13 percent in the
first two weeks of the year.  Half those gains have now
disappeared. (Signed)

neb/bdw/skh/cf

20-Jan-95 11:26 am est (1626 utc)
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source: Voice of America

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A tovabbterjesztest a New York-i szekhelyu Magyar Emberi Jogok
Alapitvany tamogatja.

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Reposting is supported by Hungarian Human Rights Foundation News
and Information Service.
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