• Short Summary

    Finance Ministers from "The Group of Ten" -- the world's ten most financially viable nations -- met in London on Wednesday (September 15) and embarked on a laborious search for a solution to the world monetary crisis generated by President Nixon's sweeping economic measures.

  • Description

    Finance Ministers from "The Group of Ten" -- the world's ten most financially viable nations -- met in London on Wednesday (September 15) and embarked on a laborious search for a solution to the world monetary crisis generated by President Nixon's sweeping economic measures.

    Key figure in the talks was United States Treasury Secretary, John Connally. But, although, the United States was expected to come under severs attack for the measures introduced last month, Ministers of the "group of ten" said them had been no hostility.

    However, it was reported after the meeting that a strong united front had developed against the American situation and Britain and Japan reportedly aligned themselves with the European Community in calling for a devaluation of the dollar as part of monetary reform plus a rundown in its key function as a reserve currency. In addition, the European Six have directly called on President Nixon's Administration to abolish its ten per cent surcharge on imports into the United States.

  • Tags

  • Data

    Film ID:
    VLVA3MXRDMXWK84ON1H1RCEEHZE05
    Media URN:
    VLVA3MXRDMXWK84ON1H1RCEEHZE05
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    15/09/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:33:00
    Time in/Out:
    /
    Canister:
    N/A

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