Word: willette
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Dates: during 1970-1979
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Otmar Emminger, vice president of the West German Central Bank, and Thomas Willett, a deputy assistant secretary of the U.S. Treasury, have offered similar views. Citing a study by Willett, Treasury Secretary William Simon told a Senate subcommittee two weeks ago that OPEC surpluses might amount to "only" $200 billion to $250 billion by the end of the decade. Simon's message: the burdens posed for the industrial countries by the flow of petrodollars to the OPEC nations could be more "manageable" than had been thought...