Les perspectives restent peu encourageantes car les desequilibres des balances de paiements entre les grandes zones industrialisees font peser une hypotheque grave (1) COM(87)77 - 2 - sur la stabilite du systeme monetaire international et sur le commerce mondial.
The outlook remains rather unencouraging, since the balance-of-payments disequilibria between the major industrialized areas impose a serious handicap on the stability of the international monetary system and on world trade.