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Britain / IMF / Healey Interview #41250

ABC Evening News for Wednesday, Dec 15, 1976
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(Studio) Britain has applied to IMF for loan of almost $4 billion; before agreeing to loan, IMF mgrs. say Britain must show serious attempt to improve economy Today, cntry.'s Chancellor of the Exchequer Denis Healey announces new austerity policy in Parliament; details noted. (Healey interview shown.)
REPORTER: Barbara Walters

(Studio) Anchor asks if Healey has suggestions for United States in order not to get into same situation as Britain. [HEALEY - says he won't express them in public; says people who say United States going way of Great Britain are ones who've given Chile economy advice; cites Chile's situation.] Anchor asks how Britain's situation affects US. [HEALEY - notes 2 ways: 1st is that, despite troubles, Britain probably most stable democracy in Europe and 2nd is if Britain economy falls, United States would soon feel it, too.]
REPORTER: Barbara Walters

(Studio) Leading members of IMF are US, Japan and West Germany. Today Treasury Secretary William Simon says Healey's announcement excellent and United States will support Britain's application.
REPORTER: Barbara Walters

Walters, Barbara

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