Europe prepares to take on Carter at an economic summit
Leaders of the seven major industrial powers* will meet in Bonn next week for their fourth economic summit since 1975. Superficially, the atmosphere will be like a board meeting of a multinational corporation. In reality, the spirit of the two-day session will be more like a three-sided tag-team wrestling match.
In one corner will be the U.S., dogged by a huge trade deficit and insistent that West Germany and Japan stimulate their domestic economies to help world recovery. In another corner, Europe, led by...
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