However, Foreign Ministers agreed that the Allies would continue to consult among themselves and work together with others to encourage stability and reduce the risks of Crisis in the Third World.

It has long been apparent to many of us in the Opposition, and also to some Conservative Members, that the financial Crisis in the Third World poses a major threat to the industrial economy of the advanced nations that depend on those countries for their markets.

The hon. Member for Livingston also spoke of the financial Crisis in the Third World.

We also know, and I shall only skate over this, that there is a tremendous Crisis in the Third World because of increased oil prices, diminished commodity prices, a world depression, shrinkage of aid, protectionism and the starvation of foreign exchange.