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European Move to Reform Monetary System Faces Caution
Central bankers in Basel warn against hasty reforms as Europe resists flexible exchange rates. A U.S. subcommittee urges leadership while France, Britain and Italy hold to gold and existing pegs. Officials fear another crisis could unravel the system.
MENTIONED IN THIS ARTICLE
Tral
Basel
Switzerland
U.S
Henry Reiss
Wisconsin
Reuss
France
Germany
Finance Ministers
Bonn
Paul McCracken
Nixon
Council of Economic Advisers
Associated Press
Europe
Belgium
Italy
Britain
Charles de Gaulle
White House
Organization For Economic Cooperation and Development
Oon