Archive (Walters MSS)

Economy: Alan Walters diary [Governor anxious about confidence][released 2012]

Document type: Declassified documents
Source: Walters MSS (Churchill Archives Centre): WTRS 3/1/2
Editorial comments: Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking: Major
Word count: 73
Themes: Monetary policy

Wednesday 1st September 1982

Seminar with Gvr, Chancellor, etc [Sir Geoffrey Howe, Gordon Richardson]

PM anxious not to give credits to Mexico etc

Gvr anxious about confidence - and liquidity

Never upset the applecart by talking about dubious banks - 3 dubious ones in UK

Banco Ambrosiano’s commitments in Luxembourg

- should have been baled [sic] out by Banca d’Italia but “legally constrained”

- consolidated balance sheet issue with subsidiaries

Sparrow on unemployment