ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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FILM INSTITUTE-Ousting Good Cinema

Tired Nostrums THE latest meeting of the finance ministers and central bank governors of the G-7 industrialised countries in Paris has brought out once again how bereft of ideas they are on reviving their faltering economies and reducing unemployment. The meeting decided against issuing a formal statement, but it was clear from the press briefings that apart from harping on the perennial theme of containing budget deficits, nothing concrete emerged either on co-ordination of macro- economic policies among the three contending blocs, namely, the US, Japan and Europe, or on the monetary, fiscal, industrial and labour market policies to be pursued by individual countries. At the initiati ve of France, the 1 eadcrs agreed to a special meeting in April specifically to address the question of joblessness, especially in Europe. There have been similar meetings in the past, one at the initiative of the US president about a year and a halfback, but the rising unemployment in these countries has remained an intractable problem.

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