The Versailles Summit is ready to begin at Louis XIV's
spectacular palace outside Paris, June 6, 1982. Pictured
here amidst marble and other fabled decorative wonders of
the extravagant "Sun King", we see seven world leaders:
Japan's Suzuki, Britain's Thatcher, Reagan, France's Mit-
terrand, West Germany's Schmidt, Canada's Trudeau, and
Italy's Spadolini. The order of business included keeping
exchange rates fairly stable so that interest rates would
not need to go up to protect their currencies. The Euro-
peans squabbled over Reagan's insistence on restrictions
on the amount as well as the cost of credit to the Soviet
bloc. Prime Minister Thatcher and Reagan refused to
answer a reporter about immediate cease-fire in the Falk-
land Islands. News of the invasion of Lebanon came,
prompting the seven leaders to issue a joint statement
about possible "disastrous consequences" for the Middle
East. The communique the seven leaders issued was the
result of much "give and take", with sanctions described
as ambiguous and permissive "and with a White House
aide declaring that Versailles wasn't the smash we felt Ot-
tawa had been in '81." June 6, 1982
P.O. Box 314, Rancho Cordova, CA 95670
Published by Coral-Lee
CL-RR. SER. #67
SC18260-Colorphoto: Michael Evans
White House
Mike Roberts Color Productions
Oakland, CA 94623
U.S.A.
