The vacuum Einstein equations for metrics that have two commuting spac
elike Killing vector fields are studied from a Hamiltonian point of vi
ew using the Ashtekar variables. It is shown that the evolution equati
ons are equivalent to those of a modified SL(2) principal chiral model
with a time dependent 'coupling constant'. This fact is used to extra
ct an infinite set of symmetries of the Einstein Hamiltonian via a gen
eralized zero-curvature formulation. These symmetries give evolving ob
servables explicitly on the phase space, and may be viewed as providin
g an infinite set of solutions of the Hamiltonian Einstein equations.
The possibility of quantization using these observables is briefly dis
cussed.