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FOREWORD
This report is an account of the proceedings of the 1987 Bilderberg Meeting at Villa d'Este,Cernobbio, Italy. Working papers and panelists' opening remarks are presented in their entirety,with minor editing. Discussion sections, which incorporate panelists' closing remarks, areorganized according to subject matter. Thus, individual remarks and interventions are notnecessarily reported in the order in which they were made.Grant F. WinthropRapporteur
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INTRODUCTION
The thirty-fifth Bilderberg Meeting was held at the Grand Hotel Villa d'Este, in Cernobbio,Italy on April 24, 25, and 26, 1987. There were 106 participants from 19 European countries,the United States, and Canada. They represented government, diplomacy, politics, business,law, labor, education, journalism, the military, and institutes specializing in national andinternational studies. All participants spoke in a personal capacity, without committing in anyway the governments or organizations to which they belonged. As is usual at BilderbergMeetings, in order to permit frank and open discussion, no reporting of the conferenceproceedings took place.In opening the conference, Lord Roll of Ipsden, the Chairman of the Bilderberg Meetings,welcomed the participants. He then reviewed the conference program and procedures. Finally,he took note of the death of Jack Heinz, a founding member of Bilderberg and one of its mostloyal and effective supporters.
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I. STRATEGY TOWARD THE U.S.S.R.Moderator: Andrew KnightPanelists: Egon BahrHenry A. KissingerRenato Ruggiero
II. POLICY TOWARD TRADE AND PROTECTIONISMModerator: Alfred HerrhausenWorking Paper Author: Helmut H. HaschekPanelists: Etienne DavignonPaul A. VolckerJohn C. Whitehead
III. THE PUBLIC SECTOR AND ECONOMIC GROWTHModerator: David RockefellerPanelists: Edouard BalladurRichard G. DarmanRomano Prodi
IV. CURRENT EVENTS: CHINAModerator: Lord Roll of IpsdenPanelists: Winston Lord
Otto Wolff von AmerongenV. THE ARMS CONTROL DEBATE
Moderator: Charles McC. Mathias, Jr.Working Paper Author: John S. Foster, Jr.Panelists: Christoph BertramMaynard W. Glitman
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CHAIRMAN:LORD ROLL OF IPSDEN*Joint Chairman, S.G. Warburg & Co., Ltd.
HONORARY SECRETARY GENERAL FOR EUROPE AND CANADA:VICTOR HALBERSTADT*Professor of Public Finance, Leyden University
HONORARY SECRETARY GENERAL FOR THE U.S.A.:THEODORE L. ELIOT, JR.Executive Director, The Center for Asian Pacific Affairs,The Asia Foundation
HONORARY TREASURER:CONRAD J. OORTMember of the Board, Algemene Bank Nederland N.V.;Professor of Money and Banking, University of LimburgITATU RUSADE NUSAAUS
UKNORFRGUSAFRAPO RCANUSA
FRGTU RCAN
GIOVANNI AGNELLI**GUNDUZ AKTANPAUL A. ALLAIRETAGE ANDERSENDWAYNE 0. ANDREASHANNES ANDROSCH
MICHAEL R. ANGUSNILS J. ASTRUPEGON BAHRGEORGE W. BALL**EDOUARD BALLADURFRANCISCO PINTO BALSEMAO*THOMAS J. BATA, SR.JACK F. BENNETT*
CHRISTOPH BERTRAMSELAHATTIN BEYAZIT*CONRAD M. BLACK*
President, Fiat S.p.A.Adviser to the Prime Minister,Ministry for Foreign AffairsPresident, Xerox CorporationManaging Director and Chief Executive,Den Danske BankChairman, Archer-Daniels-MidlandCompany, Inc.Chairman of the Managing Board ofDirectors, Creditanstalt-Bankverein;Former Minister of Finance; FormerVice ChancellorChairman, Unilever PLCChairman of the Board, Fearnley &Eger A/SMember of Parliament; General Secretary of the SPDFormer Under-Secretary of StateMinister of State; Minister ofEconomics, Finance and PrivatizationDirector, Jornal Expresso; FormerPrime MinisterChairman, Bata LimitedDirector and Senior Vice President,Exxon Corporation; Former Under-Secretary of the Treasury for MonetaryAffairsDiplomatic Correspondent, "Die Zeit"Director of CompaniesChairman, Argus Corporation Ltd.
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