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Memorandum, State Department Summary of Telegrams

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IOPOOCRE T -2- The conference recognizes that if the Soviets indicate their willingness to discuss the fundamental security issues, we probably cannot insist upon our present position regarding the nature of exploratory talks. Soviet acceptance of the type of reply envisaged would, in world opinion, logically necessitate a prompt meet- ing of the four Ministers, and we should then agree to a prompt meeting in Paris to determine an agenda. ISRAEL Our Embassy in Tel Aviv reports that although no responsible official will admit that serious consideration is being given to devaluation of the Israeli pound, the Embassy has reason to believe that active consideration is being given to the matter but that the move is being delayed until some dramatic steps can be taken simultaneously toward correcting the un- favorable balance of payments. Although the position of the Israeli pound continues to deteriorate and all factors indicate a progressive worsening of the situation, the Embassy concludes that the Government still has a reasonable chance of control unless new, unexpected pressure develops against the currency.

Page data

Page
2
Source index
0
Type
photo
Media ID
10ed454c166ffcf0
Size
unknown

Document data

ID
196816656
Core
doc
Type
document
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Context sent to Scholar

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    "ocrText": "IOPOOCRE T\n-2-\nThe conference recognizes that if the\nSoviets indicate their willingness to discuss the fundamental security\nissues, we probably cannot insist upon our present position regarding\nthe nature of exploratory talks. Soviet acceptance of the type of reply\nenvisaged would, in world opinion, logically necessitate a prompt meet-\ning of the four Ministers, and we should then agree to a prompt meeting\nin Paris to determine an agenda.\nISRAEL\nOur Embassy in Tel Aviv reports that\nalthough no responsible official will admit\nthat serious consideration is being given to devaluation of the Israeli\npound, the Embassy has reason to believe that active consideration is\nbeing given to the matter but that the move is being delayed until some\ndramatic steps can be taken simultaneously toward correcting the un-\nfavorable balance of payments. Although the position of the Israeli pound\ncontinues to deteriorate and all factors indicate a progressive worsening\nof the situation, the Embassy concludes that the Government still has a\nreasonable chance of control unless new, unexpected pressure develops\nagainst the currency."
}