• Short Summary

    Mr. Paul Volcker, United States Treasury Under Secretary for Monetary Affairs, briefed French Finance Minister?

  • Description

    Mr. Paul Volcker, United States Treasury Under Secretary for Monetary Affairs, briefed French Finance Minister Mr. Giscard D'Estaing on Tuesday on President Nixon's package of economic reforms.

    After the meeting he said he did not expect a major conference to be held on the monetary problem, but French officials reflected a 'serious and even dangerous situation'.

    Britain is seeking a Ministerial meeting with the 'Group of Ten' leading industrial nations, and with the Six European Common Market countries. The Finance Ministers of the Six Common Market countries are to meet in Brussels on Thursday to review how they will deal with the problem.

    Belgium has been openly critical of the U.S. decision to stop buying gold at the present rate of exchange.

    In West Germany, Professor Karl Schiller, Economics and Finance Minister, flew to the North Sea island of Sylt to consult Chancellor Willy Brandt on the monetary situation at his holiday villa.

    Foreign exchanges all across Europe were closed on Tuesday for the second day running, and could remain shut for the rest of the week.

  • Tags

  • Data

    Film ID:
    VLVAAVJ1G3C1I1UDXMQVWO8RMWR3M
    Media URN:
    VLVAAVJ1G3C1I1UDXMQVWO8RMWR3M
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    17/08/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:04:00
    Time in/Out:
    /
    Canister:
    N/A

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