Saturday, April 16, 2016

The Library Group

In the spring of 1973, when U.S. Treasury Secretary George Schultz met with the finance ministers of France, West Germany, and the United Kingdom in the library of the White House to discuss the international financial system after the collapse of the Bretton Woods agreement on fixed exchange rates. In creating the Library Group, the United States sought a more candid and informal grouping, one less dominated by European countries than the Group of Ten (G10).

(via Robert Kahn)