• Short Summary

    LONDON, UK

    A plan to reward some debtor nations with longer term debt-restructuring and a feeling of confidence that the West can survive a Gulf War oil crisis emerged after the first day (June 8) of the seven-nation economic summit in London.

  • Description

    1. GV Ministers and leaders on lawn of Lancaster House. 0.05
    2. SV UK Prime Minister Margaret Thatcher, US President Ronald Reagan, Chancellor Helmut Kohl of West Germany, US Foreign Secretary George Shultz and West German Foreign Minister Hans-Dietrich Genscher. 0.14
    3. GV INTERIOR Delegates around table. 0.24
    4. CU & SV President Reagan talking to security guard. 0.34
    5. GV Delegates around table. 0.36
    6. CU President Francois Mitterrand of France. 0.42
    7. GV Delegates. 0.44
    8. CU Margaret Thatcher. 0.48
    9. CU Canadian Prime Minister Pierre Trudeau. 0.49
    10. CU Sir Geoffrey Howe (British Foreign Secretary) 0.52
    11. CU Yasuhiro Nakasone of Japan (Prime Minister) 0.56
    12. CU Bettino Craxi of Italy (Prime Minister) 0.59
    13. SV Chancellor Kohl and Foreign Minister Genscher. 1.04
    14. GV Delegates round table as press leave. 1.15
    InitialsCG/JS


    Script is copyright Reuters Limited. All rights reserved

    Background: LONDON, UK

    A plan to reward some debtor nations with longer term debt-restructuring and a feeling of confidence that the West can survive a Gulf War oil crisis emerged after the first day (June 8) of the seven-nation economic summit in London. Canadian officials said that foreign ministers of the United States, Britain, France, West Germany, Italy, Japan and Canada felt the West could handle any situation that might arise from the escalating Gulf War. US President Ronald Reagan told reporters any summit agreement would mean that oil reserves would be "mutually shared" -- a senior US official later said this mean sharing burdens rather than reserves. With world debt problems a major topic of discussion, French President Francois Mitterrand told other leaders that the Third World debt crisis could not be solved without a drop in US interest rates. Other leaders agreed but diplomats said the Mitterrand proposal for a full-scale international conference on reform of the monetary system was less enthusiastically received. The British Foreign Secretary, Sir Geoffrey Howe, read a declaration restating the West's commitment to democratic values. Summit officials said that President Reagan and British Prime Minister Margaret Thatcher face strong reservations from Mitterrand and the West German Chancellor Helmut Kohl over this declaration. Mitterrand was said to think ti inappropriate at a summit which is primarily economic, whereas Kohl wanted a call for improved East-West relations. However, the leaders who also included Prime Ministers Pierre Trudeau of Canada, Bettino Craxi of Italy and Yasuhiro Nakasone of Japan , did appear close to agreement on a plan to reward some debtor nations by rescheduling their debts over a period of years. A senior US official said countries which achieved superior economic performance would benefit from the scheme but not those "doing a poor job".

    Source: CENTRAL OFFICE OF INFORMATION (UK)/BBC

  • Tags

  • Data

    Film ID:
    VLVADXHGF3T9QAEY9893TZW3306PC
    Media URN:
    VLVADXHGF3T9QAEY9893TZW3306PC
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    08/06/1984
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:16:00
    Time in/Out:
    /
    Canister:
    N/A

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