Former Fed Chairman Paul Volcker is the author of this plan, and in a letter to the editor in last week's Wall Street Journal, former Treasury secretaries W. Michael Blumenthal, Nicholas Brady, Paul O'Neill, George Shultz and John Snow lent their support.
An op.ed. by Center Board Member Roger W. Robinson, Jr. which appeared in last Friday's Wall Street Journal (a copy of which is attached) revealed that the Soviet Union intends to use the EBRD to obtain Western funds for itself.
