Reforming the world's monetary structure has proved to be a complex and frustrating task, and last week it became even more so. Top finance officials of the free world's ten richest na tions have struggled with the problem for more than a year, and all their studies only created a need for more talk. At their last meeting a month ago, they seemed to be making headway toward a compromise plan to create a new kind of international monetary reserve, thus allowing available financing to keep pace with expanding world trade and investment. As they met again in Paris last...
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