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...Chancellor of the Exchequer, Sir Geoffrey Howe, also made the connection, saying that the prime cause of high interest rates is the borrowing requirements of the U.S. Government. This is likely to be a source of friction when Western leaders meet later this month at an economic summit in Williamsburg...

Author: /time Magazine | Title: Untamed Monster | 5/23/1983 | See Source »

...that the party had not even selected its candidates in 20 constituencies. In fact, the 31-day campaign will interfere with several important international meetings. Thatcher promptly canceled talks with President Reagan in Washington on May 27. But she still planned to attend the seven-nation economic summit in Williamsburg, Va., from...

Author: /time Magazine | Title: Britain: Off and Running | 5/23/1983 | See Source »

With its picket fences, modest cottages and colonial-era ambience, Williamsburg, Va., could hardly offer a greater contrast to the regal grandeur and formality of Louis XIV's palace at Versailles. The heads of government from the Big Seven industrial nations* are hoping that the outcome of their ninth annual economic summit, to be held in Williamsburg at the end of this month, will be equally different. Last year's summit in Versailles degenerated into bitter wrangling over East-West trade, and the leaders are desperately anxious to avoid a replay...

Author: /time Magazine | Title: Warming Up for Williamsburg | 5/23/1983 | See Source »

...Seven and 17 other non-Communist countries gathered in Paris last week for a meeting of the Organization for Economic Cooperation and Development, the spirit of harmony was carefully nurtured. The delegates issued a joint communique outlining general principles for fostering growth that could form a blueprint for a Williamsburg accord...

Author: /time Magazine | Title: Warming Up for Williamsburg | 5/23/1983 | See Source »

East-West trade provided less divergence than expected-though it is likely to lead to sharp disputes at Williamsburg if President Ronald Reagan persists in trying to force Western Europe to curb trade with the East bloc for political reasons. Louis Kawan, the European Commission's director for foreign affairs, reported that European governments agreed that nothing should be done to reinforce the military capacity of the Soviet Union. At the same time, he pointed out that the European Community conducts 60% of the industrialized world's East-West commerce and that such trade "provides stability for European...

Author: /time Magazine | Title: The Alliance: Trying to Heal the Rift | 5/9/1983 | See Source »

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