Bilderberg Meetings Conference Report 1979

7/27/2019 Bilderberg Meetings Conference Report 1979

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L I S T O F P A R T I CI P A N T S

C H A I R M A N :

L O R D H O M E O F TH E HIRSEL, K . T .

H O N O R A R Y S E C R E T A R Y G E N E R A L F O R E U R O P E :

ERNST H . VA N DE R BEUGEL

H O N O R A R Y S E C R E T A R Y G E N E R A L F O R T H E U N I T E D S T AT E S :

WILLIAM P . B U N D Y

AGNELLI , G I O VA N N I

ANDROSCH, HANNES

APFALTER, HERIBERT

AV O N , T H E EARL OF

BALL, GEORGE w.BARATTIERI, VITTORIO

BENNETT, S IR FREDERIC

BERTRAM, CHRISTOPH

BEULLAC, CHRISTIAN

BEYAZIT, SELAHATTIN

BREUEL, BIRGIT

BROESIGKE, TASSILO

B R O W N , L. DEAN

CARRAS, COSTA

CH A FEE, JOHN H .

CHRISTOPHERSEN, HENNING

CITTADINI CESI , IL MARCHESE

CONSTANCIO, VITOR M. R .

DALLINGER, ALFRED

DUISENBERG, WILLEM F .

ELIOT, THEODORE L., JR

ESAMBERT, BERNARD

F I N N E Y, PAUL B .

FISCHER, H E I N Z

FOLTZ, WILLIAM J .

FREDERICKS, WAY N E J .

GERBER, FRITZ

G E T Z W O L D , K N U T

HALBERSTADT, VICTOR

HARTMAN, A RT H U R A .

HAUSSMANN, HELMUT

H E I N Z , H E N RY J ., I I

HERRHAUSEN, ALFRED

IGLER, H A N S

ITALY

AUSTRIA

AUSTRIA

U N I T E D KINGDOM

U . S . A .

ITALY

U N I T E D KINGDOM

INTERNATIONAL

FRANCE

TURKEY

F E D . R E P. OF GERMANY

AUSTRIA

U . S . A .

GREECE

U . S . A .

DENMARK

ITALY

PORTUGAL

AUSTRIA

NETHERLANDS

U . S . A .

FRANCE

U . S . A .

AUSTRIA

U . S . A .

U . S . A .

SWITZERLAND

NORWAY

NETHERLANDS

U . S . A .


U . S . A .


AUSTRIA

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JANSSEN ' DANIEL E .

JORDAN VERNON E . , JR .

K I N D , CHRISTIAN

KOHNSTAMM, MAX

KREISKY, BRUNO

LAMBE RT, BARON

LANC, ERWIN

LEIBENFRO S T, FRANZ J.

LENNEP, JHR. EMILE VA N

LEVY, WALTER J.

LEWIS , BERNARD

LEWIS , F LORA

L U N D VA L L , D . BJORN H .

LUNS, JOSEPH M . A . H .

MACDONALD, DONAL D S .

MACMILLAN, MAURICE

M c G I F F E RT, DAVID E .

MO NOD , M . IE.ROME

MONTBRIAL, THIERRY DE

NELIS S EN, ROELOF J. .

N E U F E L D , EDWARD P .

N E W S O M , DAVID D .

Nli!RLUND, NIELS

PAHR, WILLIBALD

PITTI -FE R R ANDI , ROBERT

PORTISCH, H U G O

PRINZHORN, THOMASRASTOUL , JACQUES

ROCKE F ELLER, D AV I D

ROH WEDDE R , DETLEV

ROLL OF IPSDEN, LOR D

ROM ERO-M AURA, JOAQUIN

ROOSA, ROBERT V .

SAVORY, ROGER M .

SEILL!E R E, ERNEST A .

SHACKLE TON, LORD

SHE INKMAN, JACOB

SILVESTRI, STEFAN O

SIMONET, HENRI F .

SOMMER, THEO

STEEL, S IR DA YI D

STEEN, REIULF

STEINER, LUDWIG

TA U S , JOSEF

TAYLO R, ARTHUR R .

THORN, GASTON

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BELGIUM

U . S . A .

SWITZERLAND

INTERNATIONAL

AUSTRIA

BELGIUM

AUSTRIA

AUSTRIA

INTERNATIONAL

U . S . A .

UNITED KINGDOM

U . S . A .

SWE D EN

INTERNATIONAL

CANADA

UN ITE D KINGDOM

U . S . A .

FRANCE

FRANCE

NETHERLANDS

CANADA

U . S . A .

DENMARK

AUSTRIA

FRANCE

AUSTRIA

AUSTRIACANADA

U . S . A .

FED. REP. OF GERMANY

U NI TED K IN G DOM

SPAIN

U . S . A .

CANADA

FRANCE

UNITED KINGDOM

U . S . A .

ITALY

BELGIUM

FED. REP. OF GERMANY

UNIT ED KINGDOM

N O RWAY

AUSTRIA

AUSTRIA

U . S . A .

LUXEMBOURG

TIDEMAND, OTTO G .

TREICHL, HEINRICH

TU FARELL!, NICOLA

ULLSTEN, OL A

UMBRICHT, VICTOR H .

VRANITZKY, FRANZ

WALLENBERG, MARCUS

WILLIAMS, FRANKLIN H .

WILLIAMS, JoSEPH H .

WOHLIN, LARS

W O L F F VON AMERONGEN, O T T O

YPERSELE DE STRIHOU, JACQUES

O B S E R V E R S :

SCHOSER, FRANZ

SCHWARZENBERG, ERBPRINZ KARL

ZIMMER-LEHMANN, GEORGE

IN AT T E N D A N C E :

COROT, HERBERT

GETCHELL, CHARLES

H EINE -GELDERN, THOMAS

VAN

NORWAY

AUSTRIA

ITALY

SWEDEN

SWITZERLAND

AUSTRIA

S W E D E N

U . S . A .

U . S . A .

SWEDEN

F E D . REP. OF GERMANY

BELGIUM

F E D . REP. OF GERMANYAUSTRIA

AUSTRIA

AUSTRIA

U . S . A .

AUSTRIA

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INTRODUCTION

The twenty-seventh Bilderberg Meeting wa s held at th e Clubhotel SchlossWeikersdorf, Baden, Austria, on 27, 28 an d 29 April' 1979 under thechairmanship of Lord Home of th e Hirsel, K.T.

There were 95 part1c1pants, drawn from a variety of fields: government andpolitics, diplomacy, industry, trade unions, shipping, banking, journalism, thelaw, education, and institutes specialized in international affairs. They camefrom 16 Western European countries, the United States, Canada and variousinternational organizations.

In accordance with th e rule adopted at each Meeting, all participants spokein a purely personal capacity, without in any way committing the governmentor organization to which they belonged. To enable participants to speakfrankly, the discussions were confidential with no reporters being admitted.

Th e agenda was as follows:

I. The present international monetary situation an d its consequences forworld economic cooperation;

II. Th e implications of instability in the Middle East and Africa for th eWestern world.

In addition to the above formal agenda, a half day's discussion was devotedto current worldwide problems.

In opening th e meeting, the Chairman, Lord Home, read the text of atelegram of good wishes which he had sent to the President of the FederalRepublic of Austria on behalf of all the Bilderberg participants.

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I. THE PRESENT INTERNATIONAL MONETARY SITUATIONAND ITS CONSEQUENCES FOR WORLD ECONOMIC COOPERATION

Two working papers, one by a British participant, the other by an American,provided th e basis for discussion of this topic. Texts of the two papers, as wellas introductory remarks by their authors, follow.

British Working Paper:

"A VIEW FROM LONDON"

This is no t the first time that we have discussed monetary problems at ourmeetings. Only last year, at Princeton, according to the Report of the meeting:

a British participant said that, while the alliance might be fairlystrong militarily and politically, a look at ou r financial situation

would lead the proverbial Martian todoubt the

existenceof

anyalliance at all. The single most lamentable demonstration of ourfailure to cooperate had been in ou r uncoordinated response to theoil price increase. The speaker did not favor confrontation, bu t somekind of unified reaction had been essential. One measure of ourmonetary chaos had been the ten-fold expansion of the Eurocurrency market over the last eight years, from $60 billion to anestimated $660 billion. (This "international short loan fund", as ithad been called, had stood at only $1 billion in 1930!) The resolutionof this monetary disorder was the single most important problemfacing th e alliance in the speaker's opinion. He was backed byBelgian and Swiss interventions, which r e f e r r ~ dto the unstabilizingeffect on trade and investment of monetary instability.

Important developments have taken place in the twelve months that havepassed, notably the November policy declarations by the U.S. administration(and at least some measures which followed) and the inauguration of theEuropean Monetary System a month or so ago. But one would, in my view,have to be excessively optimistic to believe that the situation had fundamentally improved. Indeed, as I shall argue, in some respects there are a number ofunfavorable tendencies to be set against the more reassuring developmentswhich we have witnessed in the last few months.

I t is increasingly being said nowadays, particularly in the intimatefreemasonry of central banks, that there has been a considerable amount of"convergence" on the international economic and monetary scene, particular! yamong the advanced industrialized countries. I agree that there has been somedegree of convergence of views and that th e sad experiences through which we

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Bilderberg Meetings Conference Report 1979

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