On 10 November 1982, to mark the 80th anniversary of the Netherlands Chamber of Commerce for Belgium and Luxembourg, Pierre Werner, Luxembourg Minister of State and President of the Government, gives an address in which he discusses the deterioration of the international economic situation and the monetary tensions in the world. He particularly focuses on the problems facing the Luxembourg economy and the efforts being made to boost growth in the country. He also calls for a strengthening of cooperation between the three Benelux countries and emphasises the conditions that are needed to gradually rebuild a genuine international monetary system.