It is not some malevolent quirk of international bankers which makes the balance of payments surplus necessary. It is the hard facts of life. Quite a few of the resolutions mention the need to get rid of the shackles of international finance. These shackles can be exaggerated. If you want less to do with bankers and fewer International Monetary Fund visits the answer is straightforward: Help us to get out of debt. It is no good urging independence and denying policies to that end. (Roy Jenkins)

It is not some malevolent quirk of international bankers which makes the balance of payments surplus necessary. It is the hard facts of life. Quite a few of the resolutions mention the need to get rid of the shackles of international finance. These shackles can be exaggerated. If you want less to do with bankers and fewer International Monetary Fund visits the answer is straightforward: Help us to get out of debt. It is no good urging independence and denying policies to that end.

Roy Jenkins

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