MORNING REPORT

• Document Type: CREST
• Collection: Library of Congress
• Document Number (FOIA) /ESDN (CREST): LOC-HAK-549-1-25-4
• Release Decision: RIPLIM
• Original Classification: T
• Document Page Count: 2
• Document Creation Date: January 11, 2017
• Document Release Date: October 27, 2011
• Sequence Number: 25
• Publication Date: January 20, 1974
• Content Type: CABLE

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No Objection to Declassification in Part 2011/10/27: LOC-HAK-549-1-25-4
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P WTE +aOc+1O 0200221
r'. 2002202 JAN 74
THE SITUATION ROOM TT)HAk 121
Ti rLARRY FAGLFBURGER FOOR SECRETARY KISSINGERz.
T 0 P S E C R E T SEhhSITIVF CONTAINS COOEWO"D WH40311
PFLTVER OPENING OF BUSINESS
MA=MgRANPUM FOR THE SECRETARY
FRliM: THE SITUATION RnnOM
SUBJECT: M'1RNING REPORT
ON-FILE NSC RELEASE
INSTRUCTIONS APPLY
FRENCH FRANC TO FLOAT FOR SIX MrnNiHS:
AF-TwR AN EXTRAORDINARY CABINET MEETING THIS MORNING,
THE FRENCH GOVERNMENT MADE THE t1NFXPECTFD ANNOUNCEMENT THAT
THE FRANC WOULD BE ALLOWET1 TO FLOAT FREELY FOR A Pr"R IOO OF
SIX MONTHS. THE FRANC HAD wEAKE'~EC) CONS IDFR RLY RECENTLY Aga,
PARIS PRESUMABLY FEARED THAT CONTINUED FFFOuTS TO StJPPfRT IT
WITHIN THE EC JOINT FLOAT t,DULD LEAD TO A LARGE LOSS OF RF-
S RVFS. THE FRANC WILL NOW PROBABLY DEPRECIATF FURTHER,
GIVING A BOOST TO FRANCE'S TRADE PALANCF AT THE EXPENSE OF '1-y
Titi&rING PARTNERS, MUST OF 4HOM ARP ALREADY EXPECTING LARGE It.-
I~rDtJCED TRADE DEFICITS. THE FRENCH OECISION ALSO MEANS THAT
T,~E EC JOINT FLOAT HAS ALMr?ST CEASE() TO EXIST, AS THREE OF
TiiE FOUR MAIN CURRENCIES A!?F NOw FLOATING INDEPENDENTLY.
PFLP REJECTS ISRAELI-EGYPTIAN AGRFFMENT:
Tt,iE, POPULAR FRONT FOR THE, LIBERATION OF PALE-STINE (PEEP) Ti ,AY
ANNt1UNCFD ITS REJECTION OF THE ISPAELI-F-GY.PTIAN DISENGAGEMF+IT
Ai':REFMENT, DFSCRIBING IT Ati A SURRENDER STEP ON THE PART Or-
F(;YPT. IN A STATEMENT ISSUED IN BEIRUT THE FRONT ALSO ATTA(x,,Fn
THE FGYPTIAN REGIME FOR SIGNING THE ACCORD. IN THE FIRST
COMMENT TO BE MADE BY A PALESTINIAN COMMAN09 f1RGANI7ATION, THE
PFLP SAID THE ARAB REGION, }SAS FACING A FIERCE IMPERIALIST A:.r,
ZIONIST ONSLAUGHT AIMEL)*T HUMILIATING THE' CRAB NATION, EXPi i1;7INr
ITS WEALTH ANrr PLACING "THE F10MFLANO UNDER nIRECT IMPERIALIL.T
f)fiMINATION UNDER THE LE.A61EPSHIP Or THE UNITFf) STATES OF AMr=;, I!'A.
"THE SURRENDER STEP TAKEt1 w.Y THE rGYPTIAN RFGIMF IN AGREFMr-l
* * * * * * * * * * *WHSR COMMENT'*
S I L E
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No Objection to Declassification in Part 2011/10/27: LOC-HAK-549-1-25-4
 No Objection to Declassification in Part 2011/10/27: LOC-HAK-549-1-25-4
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WITH THE ZIONISTS AND AMERICAN IMPERIAL ISIS IS IN PRf7PARATr,-~~,
FPR MANnING OVER THE REGION AND ITS PEOPLES TO THE tMPFRIAIiST-
Z IONIST OCTOPUS," IT ADDED.
,FRENCH PROPOSAL FOR ENERGY CONFERENCE UNDER UN AUSPICES:
A FRENCH LETTER TO UN SECRETARY GENERAL WALPHFIM ON
JANUARY 18 FORMALIZED THE PREVIOUSLY ANNGUNrFO) FRENCH
P,-rOPOSAL THAT A WORLD ENERGY CONFERENCE BE t4FI.D UNDER UN
AUSPICES. ACCORDING TO QUAI UN PIPECTOR LEPPETTF, THE LETTP
EMPHASIZED THE MAGNITUDE AND URGENCY OF THE PPfBLEM RUT OIr?
NnT SUGGEST DETAILS ON PROCEDURE. THE QUAI riFFICIAL SAID T?,?1
.T~z'E FRENCH HAVE NO SPECIFIC A END; ITEMS YET AND WOULD
AWAIT SUGGESTIONS FROM WALoHEIM? rHE US GOVERNMENT AND OTH.,,.
LF PRF TTE OBSERVED THAT HF SAW Nn CONFLICT BFTWEEN THE UN
CONFERENCE PROPOSAL AND THt MEETING ON FEBRtiARY 11 IN WASH-
INGTON. THE FRENCH AND OTHER EUROPEANS HAVE BEEN CONCERNED -14." T
THE WASHINUTON CONFERENCE" 'l,nULD OFFEND THE CRAB WORLD. THFr,_
PROMOTION OF A WORLD CONFERENCE IS DESIGNED To SOFTEN THIS
ALLEGED OFFENSE AND TO STRt-NGTHI-N PARIS# ROLE AS MUCH AS PricSIHL
VIS A VIS WASHINGTON IN DEALING WITH THE 011-PRODUCING STAT S.
PARIS MAY ALSO BE SEEKING TO PROTE=CT ITS FREEDOM Ti) MAKE T-
BILATERAL DEALS IT FAVORS.
BREZHNEV TO CUBA....FINAtLv:
THE USSR HAS REOUESTEO OVE~~FLIGHT CLEARANCE FROM THE US FO,-
GENERAL SECRETARY BREZHNEV+S VISIT TO CUBA. BREZHNEV WILL
ARRIVE IN CUPA ON .28 JANUAs-Y AND DEPART ON .~ FE~IRUARY. THE
Sr1VIET CHIEF OF 'HE ECIREIGN MINISTRY'S LATIN!. AMERICAN
D i V I S IO- TOLD THE US' CHARGE IN MOSCOW ON JANUARY 18 THAT
SOVIET-CUBAN ECONCOMIC TIES WILL " NDOUBTEDL v" NF ON THE
Ar';EranA, ADDING, THAT SOVIET EXPORTS TO HAVANA NOW INCLUDE
4.5 TO 5 MILLION TONS OF P TRL)LFUM ANNUALLY. HE OFFERED NO
AI)O I T IONAL DETAILS ON THE v I S I T. HOWEVER, I,.,E NUMEROUS DEL.A S
Itv THE START OF THIS VISIT INDICATE THAT R,RFT_WNE V IS LESS T,.,A>.,
ANXIOUS TO MAKE THE TRIP Ii THE FIRST PLACE AND THAT OTHER
f)FVELOPMENTS-PARTICULARLY THE SITUATION IN THE MIDDLE EAST--
H:aVF PREOCCUPIED HIM.
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No Objection to Declassification in Part 2011/10/27: LOC-HAK-549-1-25-4