CBS Evening News for Friday, Oct 20, 1972
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(Studio) Ldrs. of 9 European Common Mkt. ntns. meet in Paris. Econ. Elliot Janeway says European trading bloc could raise interest and tax rates in US. Leon Kaiserling sees new mkts. for United States with stronger and richer Europe, as does Walter Heller.
REPORTER: Walter Cronkite
(Paris, France) American problem in background at conference NATO (North Atlantic Treaty Organization) depends on American mil. power. Common Mkt. becomes trading and financial rival to US. Conf. held to draft common European economy position with which to confront US. West German Chancellor Willy Brandt calls for cooperation between United States and Europe. French and British want Europe to take independent line.
REPORTER: Charles Collingwood
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