Re: "pizazzy" exchange rates

["Anthony D'Costa" <dcosta@xxxxxxxxxxxxxxxx>]

Is this the same Rubin who during his recent visit to India whined to the
Indian
government that a red carpet was being laid for Rafsanjani of Iran?
Well, Mr. Rubin for all his long-sightedness complained that if he were
informed early enough he whould have postponed his visit.  So what was
the US intelligence doing? (quipped Mr. Rafsanjani)  The Indian newpapers
made it clear that India
was no banana republic where Mr. Rubin got to decide India's friends!

Anthony D'Costa

On Tue, 25 Apr 1995, RICHARD P.F. HOLT wrote:

> In the NYT today we have a quote from Treasury Secretary Rubin:
> "Mr. Rubin did everything he could today to paly down the differences among the finance ministers, instead focusing attention on longer-term issues,
> including how to *design* international *institutions* to deal with
> future Mexico-style financial crises. Is the group as division ridden
> as it appears? 'There is a temptation to focus on exchange rates because
> that's sort of pizazzy and it's here and now,' Mr. Rubin said. 'I think
> what is critical for the future of the world and the future of this country
> is that we get beyond the thing of the moment.'" p. C8
>
> It's good to know we have a Treasury Secretary who has his priorities
> correct. You focus first on the institutional structure and then you
> worry about the exchange rate or the price.
> -Ric Holt
>