• Short Summary

    A recurrent theme at the United Nations General Assembly yesterday (23 September) was the worsening world economic situation.

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    A recurrent theme at the United Nations General Assembly yesterday (23 September) was the worsening world economic situation.

    One of the most forceful speeches came from United States Secretary of State Henry Kissinger, who warned that a major economic crisis and general depression could "engulf us all". He forecast and unending spiral of price rises unless current trends can be reversed.

    He called for a new understanding between producers and consumers, with especial reference to oil supplies. But he didn't put forward the concrete proposals that had been expected of him.

    There were similar gloomy warnings from French Foreign Minister Jean Sauvagnargues, who saw in current world inflation "all the elements of a world crisis."
    SYNOPSIS: At the United Nations, the annual debate during which heads of delegations review government policies and the world situation opened on Monday. At the same time, a few hundred miles away in Detroit, President Ford was addressing the start of the World Energy Conference. And the same concern with the energy crisis dominated the United Nations session. During the session, chief attention was once again focussed on the United States representative -- Dr. Henry Kissinger, the Secretary of State. He was following up Mr. Ford's attack on soaring oil prices at the U.N. last week.

    Before D. Kissinger, however, a European viewpoint from French Foreign Minister Jean Sauvagnargues. He gloomily predicted all the elements of a world crisis in the present economic situation. Then he spoke about the European Economic Community's capacity for confronting economic problems:
    M. Sauvagnargues declared that the European Community, even as it built up its structure, could not be allowed to become inward-looking. And he spoke of it as a unit capable of confronting the international problems of our times.

    After the French Minister, Dr. Kissinger warned that a new economic depression would engulf all U.N. members. He called for unity in the face of the problem:
    But for Third World powers, decolonisation dominated. A translation from the speech of Brazilian Foreign Minister Azeredo da Silveira:

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