Bilderberg Meetings Conference Report 1986

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BILDERBERG MEETINGS

GLENEAGLESCONFERENCE

25-27 April 1986

NO T FO R QUOT A TION


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LIST OF PARTICIPANTS

CHAIRMAN:LORD ROLL OF IPSDEN*Joint Chairman, S.G. Warburg & Co., Ltd.

HONORARY SECRETARY GENERAL FOR EUROPE AND CANADA:VICTOR HALBERSTADT*Professor of Public Finance, Leyden Univeristy

HONORARY SECRETARY GENERAL FOR TH E U.S.A.:THEODORE L. ELIOT, JR.*Executive Director, Th e Center for Asian Pacific Affairs, Th e Asia Foundation

SW ENO RUK

ITADE N

AU S

US AFR OUKUS AIC EUSA

TU RCA NUK

USA

NETHUS A

TU ROR ESP AUS AFR AUSA

USA

FR ABEL

CARL JOHAN AABERGTORVILD AAKVAAGANTONY A. ACLAND

GIOVANNI AGNELLI**

T AGE ANDERSEN*

HANNES ANDROSCH*

GEORGE W. BALLMARTIN BANGEMANNJOHN F.H. BARINGROBERT L. BARTLEYEINAR BENEDIKTSSONJACK F. BENNETT*

SELAHA TTIN BEY AZIT*CONRAD M. BLACK*LORD BOARDMAN

NICHOLAS F. BRADY*

HANS VAN DEN BROEKRICHARD R. BURT

YA VUS CANEY!COSTA CARRAS*JAIME CARVAJAL URQUIJO*JOHN H. CHAFEEALAIN CHEV ALIERHENRY F. COOPER, JR.

KENNETH W. DAM*

DA YID DAUTRESMEETIENNE DA V!GNON*

Under-Secretary of StateDirector General, Norsk Hydro A/SPermanent Under-Secretary of State an dHead of th e Diplomatic Service; Ambas-sador-Designate to WashingtonPresident, Fiat S.p.A.Managing Director an d Chief Executive,Den Danske BankChairman of the Managing Board ofDir'ectors, Creditanstalt-Bankverein; For-mer Minister of Finance; Former ViceChancellorFormer Under Secretary of StateMinister of Economic AffairsChairman, Baring Brothers & Co., Ltd.Editor, "The Wall Street Journal"Ambassador to the United KingdomDirector an d Senior Vice President,Exxon CorporationDirector of CompaniesChairman, Argus Corporation Ltd.Chairman, National WestminsterBank PL CChairman, Dillon, Read & Co., Inc.;Former U.S. Senator (New Jersey)Minister for Foreign AffairsU.S. Ambassador to the FederalRepublic of GermanyGovernor of the Central BankDirector of CompaniesChairman, Banco Hispano IndustrialU.S. Senator (Rhode Island)Chairman, Moet HennessyDeputy U.S. Negotiator, Defense an dSpace GroupVice President, IBM Corporation; For-mer Deputy Secretary of StateGeneral Partner, Lazard Freres & Cie.Director, Societe Generale de Belgique;Former Member of th e Commission ofth e European Communities

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PO R ARTUR SANTOS SILVA

UK JOHN SMITHFR O THEO SOMMER*IT A LUIGI SPA VENTA

UK DAVID STEEL

BE L FRANK SW AELENTU R SEY FI T AS HAN

NO R NILS MORTEN UDGAARD

US A PAULA. VOLCKER

FR O ANGELIKA E.C. VOLLE

AU S FRANZ VRANITZKYUK H.R.H. THE PRINCE OF WALESNO R NIELS WERRING, JR.*

US A JOHN C. WHITEHEADDE N NILS WILHJELMUSA LYNN R. WILLIAMS

USA FRANK G. WISNER

FRG OTTO WOLFF VONAMERONGEN**

SP A JUAN A. y ANEZ-BARNUEVO

UK LORD YOUNG OF 0RAFFHAMIT A PAOLO ZANNONI*

OBSERVER

AUS GEORG ZIMMER-LEHMANN

RAPPORTEUR

US A GRANT F. WINTHROP

IN ATTENDANCE

IT A ALFREDO AMBROSETTI

NETH SASKIA TEN ASBROEK

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Former Under-Secretary of the Treasury;Former Vice President, Bank of Portu-gal; President, Banco Portugues deInvestimentoMember of Parliament (Labour Party)Publisher, "Die Zeit"Professor of Economics, University ofRomeMember of Parliament; Leader of th e

Liberal PartyPresident, Christian Democratic PartyManaging Director, Foreign PolicyInstituteDeputy Secretary, Prime Minister'sOfficeChairman, Board of Governors of th eFederal Reserve SystemResearch Fellow, Deutsche Gesellschaftfiir Auswartige Politik (German Societyfo r Foreign Affairs)

Federal Minister of Finance

Chairman of the Board, Wilh. Wilhelmsen Limited A/SDeputy Secretary of StateMinister of IndustryInternational President, United SteelWorkers of AmericaDeputy Assistant Secretary for AfricanAffairs, Department of StateChairman of the Board of Management

and Chief Executive Officer, Otto WolffA.G.Director, Department of InternationalAffairs of the Office of the PrimeMinisterSecretary of State fo r EmploymentVice President, Defense Systems, FiatUSA, Inc.

Managing Director, Creditanstalt-Bankverein

Director, Wood, Struthers an d WinthropManagement Corporation

President, Studio Ambrosetti; Organizer1987 ConferenceExecutive Secretary, Bilder berg Meetings

UK ALEC s. DONKINUS A CHARLES w. MULLER

LIST OF ABBREVIATIONS:

AU SBELCA NDE N

FI NFR AFR GOR EIC EIN TIR EIT ALI ENETHNO R

PO RSP ASWESW ITU RUKUS A

AustriaBelgiumCanadaDenmark

FinlandFranceFederal Republic of GermanyGreeceIcelandInternationalIrelandItalyLiechtensteinNetherlandsNorway

PortugalSpainSwedenSwitzerlandTurkeyUnited KingdomUnited States of America

* Member of the Steering Committee** Member of th e Advisory Committee

Organizer, 1986 ConferencePresident, Murden an d Company

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INTRODUCTION

The thirty-fourth Bilderberg Meeting was held at the Gleneagles Hotel, Auchterarder, Perthshire, Scotland on April 25, 26, an d 27, 1986. There were 109 participants from 19 European countries, the United States, an d Canada. Theyrepresented governm ent, diplomacy, politics, business, law, labor, education, journalism, the military, an d institutes specializing in national an d international studies.Al l participants spoke in a personal capacity, w ithout committing in any way theorganizations or governments to which they belonged. As is usual at BilderbergMeetings, in. order to permit frank and open discussion, no reporting o f the conference proceedings was allowed.

In opening the conference, Lord Roll o f Ipsden, the Chairman o f the BilderbergMeetings, welcomed the participants to Gleneagles. He then read the text o f a message o f thanks and good wishes, sent on behalf o f all those at the conference, toHer Majesty Queen Elizabeth. The Chairman also took note o f the death o f OlofPalme, who ha d attended many past Bilderberg Meetings and had been scheduled to

be a participant an d panelist at the Gleneagles Conference.

AGENDA

I. TH E SOVIET UNION UNDER GORBACHEV: FOREIGN POLICYIMPLICATIONS

Moderator: Theo SommerWorking Paper Author: Arnold L. HorelickPanelists: Arthur A. Hartman

Denis W. Healey

II. TH E WESTERN GLOBAL RESPONSE TO TH E SOVIET CHALLENGE

Moderator: Donald S. MacDonaldPanelists: Henry A. Kissinger

Michel RocardHelmut Schmidt

III. TH E FRAGMENTATION OF THE WORLD ECONOMY: DEBT,CURRENCY DISORDER, PROTECTIONISM, UNEVEN GROWTH

Moderator: Lord Roll of IpsdenWorking Paper Author: Robert D. HormatsPanelists: Alexandre Lamfalussy

Paul A. VolckerLynn R. Williams

IV. CURRENT EVENTS: TERRORISM

Moderator: Etienne DavignonPanelists: Richard R. Burt

Renato RuggieroTheo SommerJohn C. Whitehead

V. SOUTH AFRICA

Moderator: John SainsburyWorking Paper Author: Simon JenkinsPanelists: Hans van den Broek

Leonardo MathiasDonald F. McHenry

The conference program included a cocktail reception an d dinner attendedby Prime Mi nister Margaret Thatcher.

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Bilderberg Meetings Conference Report 1986

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