Navigating With Care

Troubled economic waters threaten the Venice summit

Skeptics already call it the "lame-duck summit" because so many of the participants are in the waning stages of their elected tenures. There is also worry about lameness of another kind, a fear that the heads of the world's leading industrial democracies may be powerless to make the kind of daring compromises demanded by a perilous imbalance in world trade and by the threat of global recession. Indeed, there are plenty of signs that a gondola ride through troubled waters lies ahead for the leaders of the U.S., Japan, West Germany, France, Britain, Italy and Canada when they gather in Venice...

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