United States President Gerald Ford said in Washington on Tuesday (2 September) that a stable U.
United States President Gerald Ford said in Washington on Tuesday (2 September) that a stable U.S. economy was the most lasting contribution the U.S. could make to other nations.
Addressing the 127 member nations of the International Monetary Fund and World Bank, he said a resurging U.S. economy would assist expansion of trade and promote prosperity for other nations. he said the U.S. recognised its responsibility and would live up to it.
Meantime, Britain's Chancellor of the Exchequer, Denis Healey, tried to paint a picture of an improving British economy when he made his speech. Mr. Healey said the british Government did not want to see the present rate of sterling changed. He said British exports were highly competitive at present rate levels.