bilderberg meetings conference report 1965
TRANSCRIPT
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CONFIDENTIAL
NOT POR PUBUOAT!OM
ErrHl!R IN WHOLE OR IN PART
BILDERBERG MEETINGS
VILLA D'ESTE
CONFERENCE
2-4April 1965
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BILDERBERG MEETINGS
VILLA D'ESTE
CONFERENCE
2-4April I 965
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L I S T O F P A R T I C I P A N T S
C H A I R M A N :
H.R.H. TH E PRINCE OF TH E NETHERLANDS
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 . VAN DER 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 ED S T A T E S :
JOSEPH E. j OHNSON
H O N O R A R Y T R E A S U R ER :
J . MEYNEN
D E P U T 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 :
ARNOLD T . LAMPING
AGNELLI, GIOVANNI
ANSIAUX, HUBERT
ARL!OTIS, CHARLES c.ATHANAssIADEs, BoDossAKI
BALL, GEORGE w.BARZEL, RAINER
BAUMEL, jACQ.UES
BAUMGARTNER, WILFRID S.
BENED!KTSSON, BJARNI
BENNETT, SI R FREDERIC
BERG, FRITZ
BIRGI, M . NURI
BLAISSE, PIETER A.
BRADEMAS, j OHNBREWSTER, KINGMAN
BROGGINI, GERARDO
BRosro, MANLIO
** *ITALY
BELGIUM
GREECE
GREECE
UNITED STATES
GERMANY
FRANCE
FRANCE
ICELAND
UNITED KINGDOM
GERMANY
TURKEY
NETHERLANDS
UNITED STATES
UNITED STATES
SWITZERLAND
INTERNATIONAL
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BRUCE, DAVID K . E. UNITED STATESPETERSEN, HOWARD UNITED STATES
CARLI, GuI Do ITALYPETRILLI, GIUSEPPE ITALY
CEFIS, EUGENIO ITALYPIPINELIS, p ANAYOTIS GREECE
COLLADO, EMILIO G . UNITED STATESPIRELLI, LEOPOLDO ITALY
CooK, DONALD C . UNITED STATESPoRTiscH, H u G o AUSTRIA
DEAN, ARTHUR H. UNITED STATESREINHARDT, EBERHARD SWITZERLAND
DEUTSCH, JOHN J. CANADA RESTON, JAMES UNITED STATES
DONOVAN, HEDLEY UNITED STATESREUSS, HENRY UNIRED STATES
EczACIBASI, NEJAT F . TURKEYROCKEFELLER, DAVID UNITED STATES
EDINBURGH, H.R.H. the P r ince Ph i l ip , Duke o f UNITED KINGDOMRoosA, RoBERT V . UNITED STATES
EMMINGER, 0TMAR GERMANYRUMOR, MARIANO ITALY
ERLER, FRITZ GER¥ANYSAMKALDEN, Iv o NETHERLANDS
GEDDES, REAY UNITED KINGDOMSAMUELSON, PAUL A. UNITED STATES
GRIFFIN, ANTHONY G . s. CANADASAUVE, MAURICE CANADA
HEALEY, DENIS UNITED KINGDOMSCHILLER, KARL GERMANY
HEINZ II , HENRY J. UNITED STATESSCHMIDT, AnoLPH W . UNITED STATES
H0EGH, LEIF NORWAYSCHWEITZER, PIERRE-PAUL INTERNATIONAL
HuvELIN, PAUL FRANCE SNOY ET D'OPPUERs, BARON BELGIUM
KNUDTZON, HARALD DENMARKSTONE, SHEPARD UNITED STATES
KosTER, HENRI J. DE NETHERLANDSTAVERNE, DICK UNITED KINGDOM
KRISTENSEN, THORKIL INTERNATIONALTERKELSEN, TERKEL M . DENMARK
LA MALFA, UGO ITAI.'.YVITTORELLI, PAOLO ITALY
LECANUET,JEAN FRANCEWALLENBERG, MARCUS SWEDEN
LENNEP, JONKHEER EMILE VAN INTERNATIONALWARBURG, SIEGMUND UNITED KINGDOM
LINDSAY, JoHN V . UNITED STATESWOLFF VON AMERONGEN, OTTO GERMANY
LOUDON, JONKHEER JOHN H. NETHERLANDS
LUNS, JOSEPH M . A. H. NETHERLANDSIN A T T E N D A N C E :
MALAGODI, GIOVANNI F. . ITALY H . R . H . PRINCESS BEATRIX NETHERLANDS
MARJOLIN, ROBERT E. INTERNATIONAL BRAAM HoucKGEEST, A . EGBERT VAN NETHERLANDS
MAUDLING, REGINALD UNITED KINGDOMCESI, MARCHESE JEAN GASPARE CITTADINI ITALY
McCLOY, JoHN J. UNITED STATESCHIUSANO, VrrTORINO ITALY
M c G n E E , GEORGE C. UNITED STATESRoY, BERTIE LE NETHERLANDS
McKINNON, NEIL CANADAVERNEDE, EDWIN NETHERLANDS
MELANDER, JOHAN A. NORWAY
MOUNTBATTEN OF BURMA, LORD UNITED KINGDOM
N0RGAARD, IVAR DENMARK
NYKOPP, JOHAN FINLAND
PALME, s. 0LOF J. SWEDEN
PEDINI, MARIO ITALY
PERKINS, JAMES A. UNITED STATES
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INTRODUCTION
The fourteenth Bilderberg Meeting was held at the Villa d'Este, near Como
(Italy) on 2, 3 and 4 April 1965 under the chairmanship of H.R.H. the
Prince of the Netherlands.
There were 87 participants representing the United States, Canada, fifteen
Western European countries as well as various international organisations,
and drawn from leaders in the field of politics (governments and parliaments),
business, journalism, public service (national and international), the liberal
professions, trade unions and employers' organisations.
In accordance with the rules adopted at each meeting, all participants
spoke in a purely personal capacity without in any way committing whatever
government or organisation they might belong to. In order to enable partici
pants to speak with the greatest possible frankness, the discussions were confi
dential with no representatives of the. press being admitted. A short communi
que, enumerating the items included in the Agenda, was issued to the Press
at the close of the conference.
Th e Agenda was as follows:
I. Monetary Co-operation in the Western World
II. The State of the Atlantic Alliance.
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MONETARY COOPERATION IN THE WESTERN
WORLD
The groundwork for the discussion of this item consisted of:
- a memorandum drawn up by a European participant, which was distri
buted prior to the meeting;
- an oral statement made by an American participant.
* * *The European rapporteur began his memorandum by re-stating the two
main objectives of internatio nal monetary policy since the second world war:
convertibility of national currencies and liberalisation and non-discriminationin international trade and payments, the attainment of which by about I 958
had in turn given rise to two major problems:
1. the problem of maintaining equilibrium in the international payments
of the major countries;
2. the functioning of the international monetary system.
I. TH E PROBLEM OF EQ,UILIBRIUM IN INTERNATIONAL PAYMENTS
The rapporteur pointed out that the problem was not a new one but the
views on how to maintain payments equilibrium had changed with the passage
of time. Under the gold standard the maintenance of payments equilibrium
had priority over other policy objectives, such as high business activity andprice stability, and no view was held as to inflation or deflation. It was the
severe depression of the thirties which changed these objectives. Governments
strove to reduce internal unemployment and at the same time to soften the
external effects of their internal policies by means of stringent regimentation
such as exchange controls, import restrictions, etc ...
The post-war system as mapped out in 1944 at Bretton Woods, when the
International Monetary Fund was set up, had attempted to achieve a com
promise between these two extremes, the idea being to recreate an inter
national division of labour, characterised by increased international trade,
while at the same time ensuring the attainment of the major objective of full
employment. International balance was to be assisted by control over capital
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