The Economy: Europe's Answer to Connally

The realignment of currencies will solve only part of a larger problem: the future of trade, investment, and defense relationships between the U.S. and Europe. Beginning this month, President Nixon will discuss these issues with other Western leaders, and their bargaining positions will be determined by both fact and sentiment in Europe. TIME European Economic Correspondent Roger Beardwood has sampled the feelings of European finance ministers, central bankers, businessmen, and Common Market commissioners. His report on the issues and arguments, as the Europeans see them:

TRADE. The U.S. accuses the Common Market of discriminating against imports, thus aggravating America's balance of payments...

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