HOLLAND: TEN NATIONS DISCUSS REFORM OF WORLD MONETARY SYSTEM AND CREATION OF NEW RESERVES
Record ID:
343094
HOLLAND: TEN NATIONS DISCUSS REFORM OF WORLD MONETARY SYSTEM AND CREATION OF NEW RESERVES
- Title: HOLLAND: TEN NATIONS DISCUSS REFORM OF WORLD MONETARY SYSTEM AND CREATION OF NEW RESERVES
- Date: 25th July 1966
- Summary: DELEGATES ARRIVING; CALLAGHAN WITH VONDELING, DUTCH FINANCE MINISTER; CONFERENCE TABLE. Initials GEM/V/BHH/K Script is copyright Reuters Limited. All rights reserved
- Embargoed: 9th August 1966 13:00
- Keywords:
- Location: THE HAGUE, HOLLAND
- Country: Netherlands
- Reuters ID: LVAER6WQUEJYB37VLAGIH8Q5P3P8
- Story Text: THE FINANCE MINISTERS OF JAPAN, THE UNITED STATES AND EIGHT EUROPEAN NATIONS STARTED TALKS IN THE HAGUE TODAY (MONDAY) ON WAYS TO IMPROVE THE WORLD MONETARY SYSTEM AND CREATE NEW INTERNATIONAL RESERVES.
THE COUNTRIES....KNOWN AS THE "GROUP OF TEN"...ARE THE UNITED STATES, BRITAIN, CANADA, SWEDEN, JAPAN, WEST GERMANY, HOLLAND, BELGIUM, FRANCE AND ITALY.
IN AN OPENING SPEECH, THE SECRETARY OF THE U.S. TREASURY, MR HENRY FOWLER, SAID HE WAS CONFIDENT FURTHER PROGRESS COULD BE MADE AT THE MEETING. THE MINISTERS WILL DISCUSS, BEHIND CLOSED DOORS, A NUMBER OF REPORTS ON THE CHANCES OF AGREEING ON PLANS FOR REFORM.
BRITAIN IN REPRESENTED BY THE CHANCELLOR OF THE EXCHEQUER, MR JAMES CALLAGHAN. HE WENT TO THE HAGUE FRESH FROM THE ECONOMIC CRISIS THAT HAS LED TO SEVERE AUSTERITY MEASURES IN BRITAIN. HE SAID AFTER THE FIRST MEETING THAT HE HAD RECEIVED THE SUPPORT OF HIS FELLOW FINANCE MINISTERS FOR THE ACTION TAKEN BY THE BRITISH GOVERNMENT IN ITS EFFORTS TO DEFEND THE POUND STERLING FROM DEVALUATION.
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