MONEY: Glum Drums from Nairobi

The cars of the other dinner guests already lined the hilly drive when French Finance Minister Valery Giscard d'Estaing arrived at the Japanese ambassador's palatial home on the outskirts of Nairobi. Giscard's plane had been delayed, but he need not have hurried. The representatives of the world's five major financial powers dining there on tempura and steak would conclude no agreement on how to overhaul the international monetary system. Indeed, they would decide that the differences between France, the U.S., Britain, Germany and Japan were so great that there was no point...

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