April 1975
New Republic;4/12/75, Vol. 172 Issue 15, p5
The article offers world news briefs. The political relations of Israel and Egypt and the political constraints and incentives under which the two governments operate are considered. The collapse of the U.S. foreign policy towards the Middle East, the geographic concessions given to Egypt from Israel and economic concessions given by Israel to Egypt are explored. The failure of Franklin National Bank of New York and the results of inept handling of foreign money contracts by banks are discussed.


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