Versailles Summit

Versailles Summit Ronald Reagan


Stock #: 149956
Type: Postcard
Era: Chrome
Publisher: Coral-Lee
Size: 3.5" x 5.5" (9 x 14 cm)

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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 Mitterrand, 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 Europeans 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 Falkland 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 Ottawa had been in 81” June 6, 1982.