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Venice Economy Summit #110101

ABC Evening News for Monday, Jun 08, 1987
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(Studio: Peter Jennings) Econ. and political issues under discussion at economy summit here summarized.

(Venice, Italy: Sam Donaldson) Summit's formal opening, attended by President Amintore Fanfani, shown. President Reagan's lifting of some United States economy sanctions against Japan reported; details outlined on screen, scenes shown. [REAGAN - explains conditions for reinstating tariffs.] Chancellor Helmut Kohl said proposing reduction of farm subsidies as sought by United States. President Francois Mitterrand and Reagan compared in their security measures for transportation here. [REAGAN - notes his lack of foreknowledge about security arrangements for him.] Admin.'s continued warnings to Iran not to deploy silkworm missiles in Persian Gulf noted. [Chief of staff Howard BAKER - explains United States position.] [REAGAN - denies bluffing about threat to Iran.]

(Studio: Peter Jennings) Report introduced.

(Venice, Italy: Sander Vanocur) Change in United States-Germany-Japan economy rel. since World War II examined; details given, scenes shown. [Prof. Kunicho INOGUCHI - believes United States created both economy competitor and political supporter in its post-war aid to Japan.] Strain in economy relationship between United States and Japan, Germany now considered. [Fin. minister Gerhard STOLENBERG - explains Germany's refusal to help.] [Vice President George BUSH - defs. maintaining free, viable Japan.]

Donaldson, Sam;
Jennings, Peter;
Vanocur, Sander

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