Communists pillaged party gold

Article Abstract:

Investigations set in motion by the first deputy prime minister responsible for economic reforms, Yegor Gaidar, have revealed that as much as $8 billion, 4.6 billion pounds sterling has left the Soviet Union since 1985 when Mikhail Gorbachev came to power. Western agencies have indicated the figure could be as high as $15 billion. Suspicions were first aroused when a handful of Communist Party officials killed themselves following the unsuccessful coup in August 1991. Gorbachev has been ordered to remain in Moscow to answer questions about the Communist Party's possible involvement.

Political aspects, Political corruption, Soviet Union

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Rebels give Major ultimatum

Article Abstract:

At an emergency Cabinet meeting President of the Board of Trade Michael Heseltine sought a 100 million pound sterling package to help mining communities but MP (Member of Parliament) Winston Churchill said miners wanted their jobs, not redundancy payments. Over half of MPs surveyed were against Mr Heseltine's policy of closing 31 pits. Government majority is threatened by the number of MPs planning to vote against the government. The Chancellor plans to issue his Autumn statement early to establish a firm sense of economic policy.

Conferences, meetings and seminars, Mining industry, United Kingdom. Parliament. House of Commons, Heseltine, Michael

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Balladur bond opens up new front for France

Article Abstract:

France aims to reduce unemployment with an innovative bond named the Balladur Bond after Prime Minister Edouard Ballador. The Banque de France has reduced rates nine times since the centre-right government came into power in April 1992. The Balladur Bond aims to attract individual investors as it is stable and convertible into privatisation stocks free from capital gains tax.

Economic aspects, France, Bonds, Bonds (Securities), Banque de France

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