ITALY SAYS G-7 GIVES CHANCE TO VERIFY TOKYO ACCORD
This week's Group of Seven (G-7) meeting in
Washington provides an opportunity to verify an accord reached
at the Tokyo summit last May to include Italy and Canada in
Group of Five (G-5) talks on management of the international
monetary system and related issues, the Italian Treasury said.
    It said in a statement the G-7 meeting, which Italy plans
to attend, will provide a forum for considering the Tokyo
accord in the light of events in Paris in February this year.
    On February 22, Italy boycotted a meeting in Paris of its
G-7 partners - the United States, Japan, West Germany, France,
Britain and Canada - after being excluded from an earlier
session of talks involving G-5 members.
    Today's statement from the Italian Treasury said-
    "Nobody denies the existence of G-5 but we should like it to
be remembered that the Tokyo accords provided for the
enlargement of the group to Italy and Canada whenever "the
management or the improvement of the international monetary
economic policy measures are to be discussed or dealt with.'"
    Italy refused to attend the Paris G-7 meeting on the
grounds that G-5, grouping the United States, Japan, West
Germany, France and Britain, had reduced Italy's role to rubber
stamping agreements already taken.
    The Italian Treasury said today that Italy was "certain that
this time incidents would not occur."
    But it said it would be opportune to look in depth at the
role and the procedures of G-7 in relation to those of G-5.
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