Small Expectations

Osborne, John
November 1975
New Republic;11/29/75, Vol. 173 Issue 22, p9
Presents information on the conference organized by French President Valéry Giscard d'Estaing to discuss economic issues. Decision of U.S. President Gerald R. Ford to participate in the meeting; View of Giscard d'Estaing that the U.S. and other governments should abandon the system of floated currencies which the U.S. more or less forced upon the Western economic community in 1971; Opinion of Henry Kissinger, U.S. Secretary of State, and William Simon, Secretary of the Treasury, that there is no point in attending the above mentioned meeting; Indications by French President that he was prepared to back away from his demand for totally and rigidly fixed exchange rates.


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