Word: french
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...debt issue also led to the most serious strains of the meeting, when French President Mitterrand declared that "there can be no serious treatment of the debt problem without a lowering of real interest rates." That in turn paved the way for discussion of the U.S. budget deficit. Later, U.S. Treasury Secretary Regan refused to acknowledge a link between the deficit and high interest rates. The outcome in the communiqué was a declaration that high interest rates could threaten recovery, and a call for "prudent monetary and budgetary policies...
...meeting showed how far the concept of summitry has come-or gone-in a decade. The first economic summit took place in November 1975, when French President Valery Giscard d'Estaing came up with the idea of gathering fellow leaders literally around a fireside in the secluded French château of Rambouillet. The only press suite was in the Hotel George V in Paris, about 25 miles away. Something tangible was accomplished: an agreement to change the articles of the International Monetary Fund to accommodate a new economic world of floating exchange rates. Since then, there has been...
Chancellor Helmut Kohl, who was 14 in 1944, had earlier denied reports that he officially sought to be included in the Normandy gathering. According to his aides, however, he had indicated to French President Francois Mitterrand last February that in the spirit of reconciliation, he would not mind being present. Mitterrand shrugged off the hint, and Kohl swallowed the rejection. Said Kohl last week: "The German Chancellor has no reason to celebrate when others celebrate a victory in battle that cost 10,000 German soldiers their lives." Neither Bonn nor the West German public took much comfort from a French...
...double offering, the 130-year-old company (1983 sales: $100 million) listed its stock on the Paris Bourse last week, and plans to sell 258,000 common shares on the U.S. over-the-counter market later this month. This will be the first public stock offering of a private French firm...
Goldsmith always wanted to be a millionaire. At 20 he made international headlines by eloping with a Bolivian heiress, and in 1965 he began a long string of corporate takeovers. Goldsmith's diverse holdings include the French newsweekly L 'Express; Grand Union, the U.S. supermarket chain; and Manhattan's Hard Rock...