SWITZERLAND: GERMAN CHANCELLOR KOHL ADDRESSES IM CONFERENCE

(2 Jun 1997) German/Nat The German chancellor on Monday played down the conflict between Bonn and the Bundesbank over the revaluation of the central bank's reserves. The Bundesbank is locked in a rare public squabble with the government over Finance Minister Theo Waigel's plan to revalue Germany's gold reserves. Leaders of Germany's governing coalition are keeping all options open as they seek to ensure Germany qualifies for the single European currency planned for 1999. The controversy over the single European currency moved to Switzerland on Monday as German Chancellor Helmut Kohl arrived at Interlaken. Addressing the International Monetary Conference Chancellor Kohl said revaluation of gold and currency reserves would not infringe upon the independence of the German central bank. SOUNDBITE: (German) "Regarding the issues of the reevaluation of the gold reserves of the Bundesbank, for the German government and for the coalition that makes up our government, it is clear that our proposals in no way undermine the Bundesbank's independence. Contrary to what has been written, were are not selling a single gram of our gold or one single dollar." SUPER CAPTION: Helmut Kohl, German Chancellor The German Chancellor said revaluation would simply bring Germany into line with what other European countries have long done as a matter of course. SOUNDBITE: (German) "The differences between ourselves and the Bundesbank only exist over the timing of the reevaluation. The federal government would like to start the reevaluation in the course of the current year but the Bundesbank would like to gain its liquidity at a later stage." SUPER CAPTION: Helmut Kohl, German Chancellor Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...