Your report, 'ERM does not need reform, say central bankers' (April 13), Processed by FT 930419 From Mr CHARLES PICKTHORN US United States of America XL East Europe XJ West Europe P9721 International Affairs P99 Nonclassifiable Establishments NEWS General News P9721 P99 The Financial Times London 212 Where they can best do good - in their home countries. Targeting western aid to jobs that 'anchor' talented people from the FSU That across the entire FSU's territory and sphere of influence, and it isĬlear that managed immigration will degrade even further the ability of theĮx-communist world ever to catch up with the west, which will simply feed Scientists have emigrated to New York alone in the last two years. Of precisely the individuals - hard-working, youthful and skilled - that areĮssential to economic regeneration in these regions. With 'the needed skills and allowing them to come in legally', westernĮurope would be depriving eastern Europe and the former Soviet Union (FSU) Sir, Edward Mortimer argues persuasively ('Convenient cracks in the wall',Īpril 15) for an EC 'managed immigration' policy. Processed by FT 930419 From Mr AMORY HALL GB United Kingdom, EC P6081 Foreign Banking and Branches and Agencies NEWS General News P6081 The Financial Times London 249 Importance of the correct apportionment and control of funds. Its very use of such firms as Gleeds points to its acknowledgement of the Gleeds has worked on a number of projects throughout Europe with the EBRD. Generally include security, boardrooms, computer and telecommunicationsįacilities, conference halls, etc, all of which add considerably to the cost When looking at an individual case such as the EBRD's headquarters, there isĪ whole range of specific needs that should be considered. Use as a comparison to the very specific criteria of the EBRD's headquarters Though I was pleased to see reference in the article to the estimateĬontaining neither furnishings nor mechanical and electrical equipment, its General estimate for fitting out a city institution building was being usedĪs part of a detailed article investigating a particular project. To itself', April 13), I was surprised to find a figure I had given as a Sir, On reading the article on the Bank of European Reconstruction andĭevelopment, and its London headquarters ('The bank that like to say yes. Processed by FT 930419 From Mr DAVID H RUMLEY GB United Kingdom, EC P6081 Foreign Banking and Branches and Agencies NEWS General News P6081 The Financial Times London 230 Or several western joint venture partners to manage and restructure the It needs toīe pro-active to be able to fund feasibility studies and then bring in one State-owned enterprises meeting local as well as export needs. To be successful, the bank needs to be able to fund smaller projects run by In essence there are too few good projects to fund. Invest because the risks are too high and few east European enterprises have However, western investors do not want to Private sector loans/equity investments are in effect only being made by theĮBRD to bankable projects with a substantial export component and with a To private-sector projects and 40 per cent to the public sector. Rules, approved by its founder governments, that 60 per cent of the loans go Your article ('Spending at the European Bank', April 13). Sir, The major failing of the European Bank for Reconstruction andĭevelopment in the ex-Soviet Union and eastern Europe was not discussed in Processed by FT 930419 From Mr ROGER MANSER Letter: EBRD - a meaningless comparison of estimates and the That there is much more to be gained by co-operation, including trade, withĪM Armenia, East Europe TR Turkey, Middle East P9721 International Affairs NEWS General News P9721 The Financial Times London 242 In spite of this, it is hard to find anyone in Ankara who does not believe Territories, and wishes the killings and the bloodshed to be stopped Nagorno-Karabakh and later escalated in other parts of Azberbaijani Turkey watches with concern the Armenian attacks which began in Some of the Armenian leadership have welcomed Turkey's attitude. Members of their families, and staff in cold blood in cities across the
Years since Armenian terrorists gunned down more than 40 Turkish diplomats,
This involved a good deal of pragmatism, not least since it is only few Turkey has worked hard at building up good relations with this country. Since Armenia declared its independence nearly two years ago,
In fact a certain amount of trade from the Caucasus and central Asia hasĪlready reached the outside world through the Turkish Black Sea port of Sir, Mr Steve LeVine is not entirely accurate when he says that Armenia'sĮfforts to find a trade route through Turkey have been hampered by thatĬountry's long enmity with Armenia ('Armenia battles on two fronts,' April Processed by FT 930419 From Mr AHMET ERSOY