Word: bonneli
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...Washington, the White House support team that will accompany President Carter to Bonn completed its negotiating briefs and studied the latest economic indicators. They did not make for cheerful reading. New Government estimates published last week forecast a U.S. inflation rate of more than 7% for 1978 and lower economic expansion than previously expected (see cover). Not only was Congress still stalled on the President's energy package, but the Senate has threatened to block any draconian attempts by the Administration to impose levies or quotas on oil imports. In short, Carter will arrive in Bonn with a somewhat...
...Tokyo, Prime Minister Takeo Fukuda announced that he expected appreciation in Bonn for Japan's efforts to reduce its huge surpluses by restraining exports and prodding domestic activity to a 7% growth. Other Japanese policymakers, however, complained that Tokyo's labors will come to naught unless Washington helps out by controlling the dollar. "It will all be in vain if the U.S. does not cooperate," said Economic Planning Agency Director Kiichi Miyazawa. "The fact that our surpluses continue to increase despite our efforts is due mainly to U.S. foot-dragging on her energy problem and inflation." (Another cause...
...chairman, West German Chancellor Helmut Schmidt. After two days of sometimes chummy, sometimes quarrelsome discussions in the tapestry-lined rooms of Bremen's gabled, 15th century city hall, the Club of Nine produced a three-point package that leaders of the four big European states will offer in Bonn...
...pledge obviously put strong new pressure on Carter to curtail U.S. oil imports as well. In return, the Europeans were prepared to offer a concession of their own-an indication by West Germany of willingness to expand its economy slightly, thus complying with a long-standing U.S. demand that Bonn pull its weight and help move the world economy toward real recovery...
Schmidt is likely to be an equally loquacious host in Bonn. Strengthened by the results of last March's parliamentary elections, French President Valéry Giscard d'Estaing also has been exercising more clout. The team of Schmidt and Giscard, in fact, has raised worries among the others about an emerging "EC directorate" composed of the Community's two most powerful members...