EU leaders pledge jobs push and euro path by 1999
At the Amsterdam summit Dutch Prime Minister Wim Kok announced a green light for progress toward monetary union by 1999. Leaders pledged to create jobs for 18 million unemployed, defuse France Germany tensions, and back stabil ity with a focus on growth alongside fiscal rules. The plan includes about 1 billion in venture capital from the European Investment Bank to boost high tech SMEs.
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Global unrest and violence span Algeria Burma Indonesia Turkey
Post election violence in Algeria leaves over 50 dead as multiparty parliament is sworn in. In China Guangdong crackdown nets 16,000 addicts and large drug seizures. Rioting in East Java follows a rally amid political tensions. Burma delays school reopening. Turkey’s Erbakan agrees to step down under military pressure amid a bid to shift power.
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