POLICY: Seeds at the Summit

The economic summit meeting at the Chåteau de Rambouillet outside Paris fulfilled the modest expectations. The heads of government of the U.S., France, Britain, West Germany, Italy and Japan pledged greater cooperation in managing their increasingly interdependent economies and agreed to fight vigorously against "high unemployment, continuing inflation and serious energy problems" without so much as hinting at any specific measures by which these grand goals might be accomplished. The reaction of many observers, and some aides to the government chiefs, was summed up by London's Daily Express, which dubbed the gathering...