• Short Summary

    The Algerian President Houari Boumedienne, has defended oil price rises and blamed the industrialised nations' "over-consumption and gadgetisation" for their own economic problems.

  • Description

    The Algerian President Houari Boumedienne, has defended oil price rises and blamed the industrialised nations' "over-consumption and gadgetisation" for their own economic problems.

    The Algerian leader was speaking to the United Nations General Assembly on Wednesday (10th April), in a special debate on raw material and development. His appearance drew a capacity audience of Ministers and Ambassadors from 135 states.

    "It is clearly inexcusable to impute the worsening of inflation to the rise in oil prices", the Algerian President said. He offered sweeping proposals to help poorer countries, and said the industrialised nations and third world members with financial surpluses should foot the bill.

    President Boumedienne advocated nationalisation of the natural resources of developing lands, and the cancellection of internaiton debts of many poor states.

    Mr. Boumedienne was due to see President Nixon and the Secretary of State Dr. Kissinger in Washington on Thursday (11th April). He criticised the concept of the Washington Energy conference called by President Nixon in February.

    It was, he said, "more in the nature of a preliminary to a confrontation than the reflection of a desire for international co-operation."
    What was needed was a dialogue to solve economic problems, with the understanding that this must be on the basis of equal consideration for every country's priorities. "No forum is better suited than the United Nations for such a dialogue", he said.

  • Tags

  • Data

    Film ID:
    VLVA8YWDFVRMAD3SKPBPXV8OJ0MLO
    Media URN:
    VLVA8YWDFVRMAD3SKPBPXV8OJ0MLO
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    11/04/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:35:00
    Time in/Out:
    /
    Canister:
    N/A

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