Word: summiteer
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Dates: during 1980-1989
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Certain themes have cropped up during all eleven meetings. At every summit, the French have pressed to restrain currency fluctuations, and everybody has implored Japan to open its markets to more imports. The essential aim of summits has been to try to coordinate the domestic policies of the world's major industrial nations so that one nation's targets for trade, inflation or growth are not in conflict with another's. This effort has had mixed and occasionally unforeseen results, most notably in Bonn in 1978, when the seven tried to coordinate their growth targets in a "locomotive" strategy...
Many experts believe the principal value of the summits has been to force heads of government, especially the American President, to brief themselves on details of trade, currency and interest-rate problems that they might otherwise neglect and to make an effort to gauge what impact their economic policies have on other countries. West German Chancellor Kohl's predecessor, Helmut Schmidt, in an often quoted reflection on the eight summits he attended, said that "they did not bring about much, but what they avoided was of enormous importance." At every summit, for example, the seven leaders renew what amounts...
This time, however, the Reagan team arrived at the summit sounding a markedly different rhetorical tone. "We need help," proclaimed Secretary of the Treasury James Baker in an internationally televised session with foreign reporters the week before. His point: the U.S. economy can no longer be the locomotive pulling the rest of the world behind it to vigorous growth. Others would phrase the problem more bluntly: some deft cooperative footwork may be needed to prevent an American slowdown from setting off a world recession...
...side trip to Rome was designed to let Mrs. Reagan pursue her antidrug crusade while her husband was busy at the economic summit. On Friday afternoon she visited a rehabilitation clinic in the Alban Hills and heard residents recount their fall into heroin addiction. That night she dined at the residence of U.S. Ambassador Maxwell Rabb with 60 of Rome's glitterati (Marcello Mastroianni, Sophia Loren, Federico Fellini, Valentino...
...drugs was a main topic of discussion at a state dinner on Thursday night near Bonn. Later, President Reagan told staffers, "Never have I seen my summit partners as united on a single subject." On returning to Bonn, the First Lady was delighted to hear of her influence at the summit. When asked what she had got out of her conversation with the Pontiff, she replied, "Encouragement. From the Pope, you can't ask for more than that...