Word: callaghans
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Like Kissinger, British Prime Minister James Callaghan was convinced that the Rhodesian initiative had not been seriously damaged. The British government has been reluctant to become embroiled in the Rhodesian problem again, having been burned by it before. But London announced its willingness to convene a conference in southern Africa to discuss the formation of an interim government in Salisbury...
...Plunging Pound, and for theatrics alone it was one of the best performances ever. At one point in the drama, Chancellor of the Exchequer Denis Healey headed for the Orient on other business, then changed his mind and rushed back from the airport to his desk. Prime Minister James Callaghan used words for a rescue attempt, but drew only yawns. The British press went berserk with such three-inch headlines as CRISIS! or ? THAT SINKING FEELING. When it was all over, the British went back to their daily business as if nothing had happened. But they all knew the show...
...will almost certainly grant the urgent request, but will probably impose stringent conditions under which the Callaghan government will have to run the economy. Earlier this year the Group of Ten (industrial nations) had set up a credit line of $5.3 billion for Britain to be used as a weapon against the rapid deterioration of what was at one time the world's mightiest and proudest currency. About $1.23 billion of that total already borrowed by Britain must be paid back by December. Part of the debt will have to be paid with the new loan applied for last...
...transition to black rule, Kissinger acknowledged that many details of the plan proposed last March by British Prime Minister Callaghan still had to be worked out. But he remained firm on the plan's basic tenets: acceptance of majority rule within 18 to 24 months, and formation of an interim government which, in order to bring an end to further guerrilla warfare, would have to meet with the approval of the black majority...
...following day he reported on the mission's progress to Britain's Prime Minister Callaghan and Foreign Secretary Anthony Crosland. Publicly, Kissinger was anxious to give the British full credit for the present Rhodesian proposal; privately, he was aware that the British, having got burned over Rhodesia before, would be content to let the U.S. take the responsibility if a last-minute hitch should develop. At a press conference, Kissinger was asked what would happen if the Rhodesian problem should be turned over to Britain, as the de jure colonial power, and then fell apart...