THE PRESIDENT'S DAILY BRIEF 10 MARCH 1973

• Document Type: FOIA
• Collection: President's Daily Brief 1969-1977
• Document Number (FOIA) /ESDN (CREST): 0005993767
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 12
• Document Creation Date: August 14, 2016
• Document Release Date: August 24, 2016
• Publication Date: March 10, 1973

Declassified in Part - Sanitized Copy Approved for Release 2016/08/08 : CIA-RDP79T00936A011500010062-1
The President's Daily Brief
10 March 1973
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Exempt from general
declassification schedule of E.O. 11652
exemption category SB( 11,(2).13)
declassified only on approval of
the Director of Central Intelligence
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Declassified in Part - Sanitized Copy Approved for Release 2016/08/08 : CIA-RDP79T00936A011500010062-1
CENTRAL INTELLIGENCE AGENCY
WASHINGTON, D.C. 20505
10 March 1973
EYES ONLY FOR THE PRESIDENT
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FOR THE PRESIDENT ONLY
THE PRESIDENT'S DAILY BRIEF
10 March 1973
PRINCIPAL DEVELOPMENTS
Finance ministers of major nations have deferred
any final decisions until next Friday, but the EC
may have already agreed on a joint float against
the dollar on a contingency basis. (Page 1)
On Page 2 we assess the outlook for tomorrow's run-
off elections in France. The government seems
headed for a narrow victory.
Tomorrow's first-round elections in Argentina seem
likely to give the Peronists' candidate a strong
plurality.
(Page 3)
Manila is threatening to air, accusations of Malay-
sian complicity with Muslim insurgents in Mindanao.
(Page 4)
The USSR delivered its "FROG-7"
tactical surface-to-surface rocket system to Syria.
(Page 5)
Pakistani pilots and crews have completed training
in China on a squadron of TU-16 medium bombers.
(Page 5)
FOR THE PRESIDENT ONLY
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FOR THE PRESIDENT ONLY
INTERNATIONAL MONETARY DEVELOPMENTS
With decisions among the finance ministers of
major nations deferred until next Friday, trading
in foreign exchange markets apparently will be lim-
ited to interbank transactions for another week.
The dollar firmed somewhat in light interbank trading
in Europe yesterday.
EC community
toned down the proposals for US action it had pre-
pared for yesterday's meeting in Paris--apparently
from near-demands to "suggestions for mutual reflec-
tion." The link between trade and monetary issues
was deliberately omitted.
London has given
the first' sign of softening its preconditions for
entry into a joint EC float, and France now seems
less categorically opposed to a joint float than it
has indicated publicly.
The EC may in fact have already agreed on a
joint float against the dollar on a contingency
basis.
Presumably the joint float would be ac-
tivated if next Friday's meeting fails to
produce an agreement to return to fixed
parities against the dollar, With the US
actively intervening in the foreign ex-
change market to support the new dollar
rate.
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FOR THE PRESIDENT ONLY
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FOR THE PRESIDENT ONLY
FRANCE
The past week has been one of bargaining within
the competing electoral alliances in preparation for
tomorrow's runoff elections. Thus, candidates of
the governing coalition and the centrist Reformist
group are withdrawing in each other's favor in cer-
tain districts. Members of the left coalition are
doing the same'. As a result of such jockeying', in
about 310 of the 430 races there will be a direct
choice between a leftist and either a Gaullist or a
Reformist.
It now looks as if the government will re-
tain control of the National Assembly,
either with a thin majority of its own
or with the help of the Reformists. Even
though the leftists will gain many seats,
it is unlikely that they will have much
more influence in the Assembly because
they agreed, in forming their electoral
coalition, that neither the Communists nor
the Socialists would surrender their dif-
fering positions on national issues.
After the dust has settled, President
Pompidou will have to make some changes
in recognition of his diminished majority.
He is likely to broaden the coalition's
base by bringing in additional Reformists
and other moderates, thereby reducing its
dependence on ultra-Gaullists. Most pol-
icy changes will be in the domestic field,
but eventually the infusion of new blood
could influence the government toward
better relations with the US and greater
cooperation with NATO and the EC.
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FOR THE PRESIDENT ONLY
ARGENTINA
The Peronists are ahead in the presidential election
set for tomorrow. If their candidate, Hector Cam-
pora, gets over 40 percent of the vote he will be
hard to stop in the second round next month. If
Campora falls much short of 40 percent, the likely
second runner, Ricardo BaZbin, will have a chance
to rally the anti-Peronist vote and pull off a
victory in April.
Last month President Lanusse wanted to move against
the Peronist trend, but his military colleagues
talked him out of canceling the election or banning
the Peronists. Although the Peronists are anathema
to the military, officers were restrained mainly
by fear of a prolonged violent reaction.
If Campora does well tomorrow, however, pressures
for military intervention will mount. An outburst
of violence tomorrow, which some sources predict,
could be the last straw. The government has mo-
bilized 200,000 men in its security forces in an
effort to assure orderly balloting.
Whether Balbin or Campora comes out on top, the
next government will be more statist and national-
ist than Lanusse's. Even another military govern-
ment would lean this way in its effort to win pop-
ular support.
FOR THE PRESIDENT ONLY
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FOR THE PRESIDENT ONLY
PHILIPPINES
To further President Marcos' drive against the
Philippine Muslims, Foreign Secretary Carlos Romulo
this week called a carefully staged meeting of rep-
resentatives of the other members of the Association
of Southeast Asian Nations--Malaysia, Singapore,
Indonesia, and Thailand. He accused Malaysia of
allowing the ruler of its state of Sabah to send
foreign mercenaries to join the Muslim insurgents
with the object of creating a separate Muslim state
in Mindanao.
Romulo warned that Marcos was about to make
a public statement to this effect, and implied that
if Malaysia did not act against the ruler of Sabah
now, there would be trouble later.
Romulo subsequently made a show of contacting
Marcos to pass on the diplomats' heated objections,
and claimed that Marcos had agreed to withhold his
proposed statement.
Marcos may yet decide to issue such a
statement in order to stimulate national-
ist feeling and bolster his popular back-
ing. In fact, supplies are channeled to
the dissidents through Sabah but other
sources are also available. At bottom,
it is the Muslim fear of oppression, or
even extermination, by Christian Fili-
pinos that keeps the rebels fighting.
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FROG-7s in Syria
Launcher weight (with rocket) about 13 tons
Rocket weight 5,000 - 6,000 pounds
High explosive warhead weight 1,200 pounds
Maximum range 37 - 43 miles
Propellant solid .
554211 3-73 CIA
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FOR THE PRESIDENT ONLY
NOTES
USSR-Syria: The Soviets' tactical surface-to-
surface rocket system known as the FROG-7 has been
in Syria since at least February,
The FROG-7 is widely deployed with War-
saw Pact forces and was introduced into Egypt in
late 1970. It is fired from a wheeled vehicle, has
a maximum range of about 43 miles, and could be
used against troop concentrations, unfortified ar-
tillery positions, and civilian population centers.
Pakistan-China: Pilots and crews sent to China
last summer for intensive training on a squadron of
TU-16 medium bombers recently returned to Pakistan.
the squadron--probably
some 12 to 16 aircraft--will remain in China to
avoid alarming India, but would be flown to Pakistan
in a wartime emergency. Meanwhile, the pilots will
?keep active by flying Pakistan's only squadron of
B-57 light bombers
Korea; The two governments announced yesterday
that the next round of negotiations on unification
will be held on 14 March. Pyongyang had canceled
the meeting scheduled for last week, and a firing
incident in the DMZ last Wednesday had cast an addi-
tional Cloud over the series of talks. The speed
with which Seoul and Pyongyang.set a new date and
the failure of either to exploit the shooting inci-
dent in its propaganda show that both wish to avoid
a breakdown in the dialogue, despite the lack of
substantive progress so far.
Panama:
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Top Secret
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