Word: thatchers
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...major non-Communist industrialized nations (the U.S., Japan, West Germany, France, Britain, Italy and Canada) gathered last week for their tenth annual economic summit meeting. .The sessions at London's pillared, flag-bedecked Lancaster House were just the kind of success that the host, British Prime Minister Margaret Thatcher, had hoped they would be. "Blessed is he that expecteth nothing," she had intoned at a pre-summit press conference. "For he shall not be disappointed...
...Ronald Reagan, that blessed nothing was still quite something. As Thatcher also emphasized, the London meeting was not intended as a "crisis summit" but as a session aimed at nurturing global economic recovery. From Washington's point of view, the London meeting might have been dubbed the Re-Election Summit. It capped a ten-day presidential tour that began with Reagan's nostalgic visit to ancestral soil in Ireland and continued with a highly photogenic appearance on the beaches of Normandy for the 40th anniversary of the D-day landings (see following story...
...meeting, the leaders had summed up their deliberations in a blizzard of generally inoffensive documents: an economic communiqué, a "Declaration on Democratic Values," a statement on East-West relations and arms control, and a pledge to coordinate action against international terrorism. In addition, Summit Host Thatcher, with the backing of the other leaders, issued a call for peaceful settlement of the Iran-Iraq war. If the various declarations ended up reading as if they had been written by a committee, it was because they had been. The seven leaders and their aides labored endlessly, fine-tuning each clause...
...Thatcher read the 17-point economic communiqué on Saturday at the City of London's 600-year-old Guildhall. Acknowledging that the West's economies were recovering, the document called for measures that would both create new jobs and spread the benefits of growth. It noted with concern "the growing strain of public expenditure in all our countries," a favorite Reagan and Thatcher theme, but also stressed the need for job creation and training programs. In an oblique criticism of U.S. policy, the communiqué said that high interest rates were making it more difficult for heavily...
...Declaration on Democratic Values, which was Thatcher's idea, affirmed the rule of law, restated "our determination to fight hunger and poverty throughout the world" and declared that "international problems and conflicts can and must be resolved through reasoned dialogue and negotiation...