Word: summits
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Dates: during 1960-1969
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...Bonn, Fowler found the West Germans more receptive to his call for a monetary summit meeting than the French, but somewhat less so than the Italians. The Germans are not so much worried about the possibility of a money shortage as they are about the inroads of U.S.-owned firms, would like to put limits on the amount of dollars that U.S. businessmen could spend abroad. As Fowler at week's end prepared to move on for talks in Sweden, Britain and The Netherlands, however, he was heartened and surprised by the extraordinarily warm tribute of Bundesbank President Karl Blessing...
...originally scheduled for Algiers in June, had to be postponed until Nov. 5 because of the overthrow of Ahmed ben Bella. But shortly after the new date had been set, Ghana's Kwame Nkrumah suddenly put off his own spectacular−the 36-nation Organization of African Unity summit until Oct. 21, which was so close to the Algiers summit that many leaders might not be able to attend both. With a vast sum invested in an enormous modern conference hall and 65 presidential villas, Bouteflika had come to Accra to talk Nkrumah into setting a less conflicting date...
...dice. Nkrumah had spent even more summit money than had Algeria. His pretentious "Job 600," a complex of conference halls, office buildings, and a twelve-story, air-conditioned apartment house built for the Presidents and their delegations, was expected to cost at least $27 million−2% of Ghana's entire national income last year. The Redeemer had ordered his summit's postponement only because Job 600 had not been finished on time. The O.A.U. was already unhappy at the delay, he told Bouteflika, and any further tampering with the schedule could ruin the whole thing...
...last week, the government newspaper El Moudja-hid published long front-page tributes to Upper Volta and the Ivory Coast, two of the African countries whose moderation was anathema to Ben Bella. One of Boumedienne's motives, of course, was to win support for the rescheduled Afro-Asia Summit Conference in Algiers, which was postponed two months ago when Ben Bella was toppled from power. The new target date now is Nov. 5, and Boumedienne is not at all sure how many African leaders will turn up. Last week his Foreign Minister, Abdel Aziz Bouteflika...
Money Maneuvers. In a direct maneuver against the U.S., France last week tried to undercut Treasury Secretary Henry Fowler's call for an international summit meeting to reform the world's monetary system (TIME, July 16). Said French Finance Minister Valery Giscard d'Estaing: "The suggested procedure of calling an international conference on this subject does not appear opportune." Though many experts interpreted this politely phrased jab as a flat rejection, the fact was that Giscard d'Estaing said much the same thing that Fowler had said-that considerable negotiating has to be done before...