Transcript 3556
Speech by the Prime Minister of Australia at the International
Press Centre in Brussels on 18 December 1974
I am conscious that my visit to Europe-the first
by an Australian Prime Minister for fifteen
years-coincides with a growing sense of crisis
in international economic affairs. Continuing
high rates of inflation, the threat of emergent
recessionary forces, severe balance of payments
problems for many countries, strains on international
monetary mechanisms and the accentuation
of the problems of the developing countries