United States President Gerald Ford said in Washington on Tuesday (2 September) that a stable U.
SV President Ford
SV & CU Delegates (3 shots)
SCU Ford speaking
CU & CU Delegates (4 shots)
SCU Healey speaking
TRANSCRIPT: SEQ. 3: FORD: "In the United States, recovery is well underway. Each week brings additional evidence of renewed economic health. I am determined to fight against an acceleration of inflation, that could restrain this recovery. The achievement of a durable economic recovery in America, is also in the world interest. A sound healthy growing U.S. economy is the best lasting contribution that this nation can make to other nations.
SEQ. 5: HEALEY: "What we are seeking is not uniformity of policy, on the contrary it is ensuring policies that are independent, complimentary and compatible. And one of the advantages I think in the present time is that, precisely because of the difference in the situation of the various countries, world recovery is likely to be staggered. Some countries in the lead, some countries coming in later on so that the ???chronised rule which was largely responsible for the overheating in 1973 and the inflation and recession which followed can this ??? avoided."
This film includes part of the speeches made by both men.
Script is copyright Reuters Limited. All rights reserved
Background: United States President Gerald Ford said in Washington on Tuesday (2 September) that a stable U.S. economy was the most lasting contribution the U.S. could make to other nations.
Addressing the 127 member nations of the International Monetary Fund and World Bank, he said a resurging U.S. economy would assist expansion of trade and promote prosperity for other nations. he said the U.S. recognised its responsibility and would live up to it.
Meantime, Britain's Chancellor of the Exchequer, Denis Healey, tried to paint a picture of an improving British economy when he made his speech. Mr. Healey said the british Government did not want to see the present rate of sterling changed. He said British exports were highly competitive at present rate levels.