UNITED STATES: MARGARET THATCHER MEETS GEORGE BUSH AND DISCUSSES THE BUDGET DEFICIT AND RECENT PLO DEVELOPMENTS
Record ID:
191256
UNITED STATES: MARGARET THATCHER MEETS GEORGE BUSH AND DISCUSSES THE BUDGET DEFICIT AND RECENT PLO DEVELOPMENTS
- Title: UNITED STATES: MARGARET THATCHER MEETS GEORGE BUSH AND DISCUSSES THE BUDGET DEFICIT AND RECENT PLO DEVELOPMENTS
- Date: 17th November 1988
- Summary: GVs and SVs Thatcher arrives at Bush residence, is met by Bush and Quayle and poses for world press (7 SHOTS) GVs and SVs Thatcher speaking at news conference (8 SHOTS) TRANSCRIPT: THATCHER (SEQ. 2)..."The budget deficit? I do think it's advisable to wait till a president is inaugurated before expecting him necessarily to make all the policies and reactions. The budget deficit has to be seen against the background of a very strong United States economy. Very strong. Inflation is not remerging; you have not got wage inflation. You are growing steadily; it has performed very well indeed and the budget deficit is something like 3 per cent of GDP. I, for example, said some time ago when there was a possibility of me seeing two of the PLO that I would see them provided that they accepted United Nations Resolutions 242 and 338. Secondly, that they would recognise Israel's right to exist. And thirdly, that they would renounce violence as a way of proceeding. They are trying to say they will accept Resolution 242 and 338. It seems to me not the time to say that you're having a Palestinian state with the capital of Jerusalem. That, I think, is a retrograde step."
- Embargoed: 2nd December 1988 12:00
- Keywords:
- Location: WASHINGTON D.C., UNITED STATES
- Country: USA
- Topics: International Relations,Politics
- Reuters ID: LVADF9CR84CLIFT3LRH34OQNLD7E
- Story Text: British Prime Minister Margaret Thatcher held policy talks with President-elect George Bush on Thursday and declared it was the end of one chapter and the beginning of another.
The meeting, also attended by Vice-President-elect Dan Quayle and Bush's campaign manager James Baker, came towards the end of a hectic 48-hour visit Thatcher, during which she gave outgoing President Ronald Reagan lavish praise for his achievements as U.S. leader.
On U.S. economic policy in the post-Reagan era, Thatcher told reporters before returning to Britain that she expected Bush and his team to continue the same broad policies, but added that "we shouldn't hurry them. The budget deficit should be seen against the background of a very strong American economy".
Asked about Britain's stance on the proclamation by the Palestinian National Council (PNC) of an independent state in the Gaza Strip and the West Bank, Thatcher said the move was a "modest step forward, and something on which we could build". But she added that the PNC communique on independence was a very complex document, but if it meant the acceptance of U.S. Resolution 242 and 338, which call for negotiations based on Israel's right to secure borders, she said "that is a modest but significant step forward". - Copyright Holder: REUTERS
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