• Short Summary

    Finance ministers from five of the west's most powerful industrial nations were closeted in a French chateau today (7 September) as they sought new approaches to tackling inflation.

  • Description

    Finance ministers from five of the west's most powerful industrial nations were closeted in a French chateau today (7 September) as they sought new approaches to tackling inflation.

    The meeting, at a chateau at Champs sur Marne just outside Paris, Was conducted under a blanket of secrecy. Newsmen were kept well away from the building as the ministers responsible for finance from France, the United States, Britain, Japan and West Germany met.

    Besides inflation, major topics under discussion were reportedly the possibility of recycling oil funds to help the industrial countries and the problems surrounding the currency exchange market.

    The five ministers were due to be joined by the Italian Treasury Ministers Emilie Colombo on Sunday (8 September), and following the final session the first and only press briefing was scheduled by French Finance Minister Jean-Pierre Forced.

    Today's meeting is aimed at fostering better understanding before next month's meeting of the International Monetary Fund in Washington.

    SYNOPSIS: At a Chateau just outside Paris, finance ministers from five of the west's most powerful industrial national gr???led with the problem of inflation and other major financial questions on Saturday.

    The meeting was notable for its secrecy. This was the closest newsmen were allowed to get to the arriving ministers -- from France, Britain, the United States, Japan and West Germany. It had, however, been widely reported that inflation topped the agenda, and that the ministers would be discussing ways of recycling oil funds to help the industrial countries. French Finance Minister Jean-Pierre Fourcade called the meeting in the hope of festering better understanding between the five nations before next month's session of the international Monetary Fund in Washington. On Sunday, the five men were being joined by the Italian Finance Minister.

  • Tags

  • Data

    Film ID:
    VLVA5J14AZVBPFL6GYAL3Z4MR38L8
    Media URN:
    VLVA5J14AZVBPFL6GYAL3Z4MR38L8
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    07/09/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:49:00
    Time in/Out:
    /
    Canister:
    N/A

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