Poor prospects reduce great expectations

Article Abstract:

The seven leaders of industrial countries belonging to G7 have political problems as they meet in Tokyo in Jul 1993. Prime Minister of France Edouard Balladur and EC President Jacques Delors will not attend. Summitteers acknowledge that world recovery is weak. Japan is the only G7 country which can stimulate its economy by increasing public spending. The summit will demand lower interest rates in Germany and Europe. It is unlikely to support the General Agreement on Tariffs and Trade Uruguay Round as France requires the approval of the EC Council of Ministers.

Conferences, meetings and seminars, Japan, International trade, Tokyo, Japan, Group of 7, 1993 AD

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Jury has still to return verdict on EBRD

Article Abstract:

European Bank for Reconstruction and Development (EBRD) shareholders question its president, Mr Jacques Attali, and City links. The bank, launched in Apr 1991, aims to help central and Eastern Europe transfer to a free-market economy. Mr Attali made statements on Russian reforms and Western financing. The EBRD prefers continental banks to London banks and has lent 621 million ecu. At its first annual meeting in Budapest on Apr 13 1992, there was no talk of a capital increase. The bank's long-term future is questionable.

Banking industry, Management, Behavior, Commonwealth of Independent States, Attali, Jacques, European Bank for Reconstruction and Development

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What if the French say 'non'?

Article Abstract:

The French decision to reject the Maastricht treaty in its referendum on Sep 20 1992 could undermine the EMS (European Monetary System.) France has been the main force behind EMS harmonisation. Opinion polls show that the treaty will be approved but there is a considerable amount of opposition. Some French will vote against the treaty to oppose the government. Rejection could result in a weak franc, suspension of the EMS temporarily and a two-tier EMS.

Prices and rates, France, European Monetary System, Referendum, Referendums, Treaties, Treaty ratification

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