The world's leading, non-Communist industrialised nations have agreed to step up economic expansion next year to try and curb unemployment.
The world's leading, non-Communist industrialised nations have agreed to step up economic expansion next year to try and curb unemployment. The move was agreed at the end of a meeting of the 24-nation Organisation for Economic Co-operation and Development (OECD) in Paris on Friday (24 June).
SYNOPSIS: The meeting provided the member countries with an opportunity to co-ordinate their economic policies. The delegates issued a joint communique on Friday.
In it, the governments agreed to aim for an average growth of five percent. They also called for a high-level conference on unemployment among young people to be convened urgently. French President Valery Giscard d'Estaing and American Secretary of State Cyrus Vance had talks after the meeting.
Mr Vance indicated the main topic of conversation was the recent talks between President Giscard and Soviet leader Leonid Brezhnev.
VANCE: "President Giscard conveyed to me some information in respect to his meeting with General Secretary Brezhnev, which he asked to convey to President Carter and I shall do that tomorrow morning when I'm having breakfast with President Carter in the United States."