|Title||Should We Default Poland?|
|Host||Buckley, William F. (William Frank), 1925-2008.|
|Guest(s)||1) Rohatyn, Felix. - banker, Chairman of the Municipal Assistance
|Taped on||Jul 21, 1982 (New York City, NY)|
|Broadcast Date||Aug 1, 1982|
|Duration||60 minutes (or hh:mm:ss)|
no YouTube clip available
|Summary||Poland, in which martial law still had not been lifted after seven months, was unable to pay the interest on its foreign debt. But instead of declaring Poland in default, the U.S. Government had lent it the money to make its interest payments. Mr. Buckley asks Mr. Rohatyn--the man who had kept New York City from going into default--to explore the question why "great big grown-up banks lend money to hostile, insolvent governments." The answer is often technical, but host and guest give us enough detail to keep up. FR: "One ought to consider that credits are a strategic material, and ought to be handled on a government-to-government basis, and it ought to be part of our overall set of discussions and negotiations with the Soviet Union."|
|Subject Heading(s)||Default (Finance) -- Poland.|
Debts, External -- Poland.
Poland -- Foreign economic relations -- United States.
United States -- Foreign economic relations -- Poland.
Economic assistance, American -- Poland.
|Related Document(s)||Type(s): News releases, CV, photos, negatives|
Type(s): Research materials
|Purchase show||Program is unavailable on DVD at this time.|
|Transcript||Download transcript (80040_s0516_trans.pdf)|