President Ford's tour through Europe last week gave him no holiday from economic worries. During long meetings in Bonn, West German Chancellor Helmut Schmidt urged the U.S. to coordinate economic policy more closely with Europe and specifically to avoid any restrictive moves, such as raising interest rates, that could damage the chances for recovery abroad. Later, during the 35-nation European Security Conference in Helsinki, French President Valéry Giscard d'Estaing took Ford aside to restate his well-known position that a return to normal economic growth will not be possible without a thorough...
OUTLOOK: Weak World Recovery
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