European Stars And Stripes (Newspaper) - July 31, 1977, Darmstadt, Hesse 6 the stars and stripes july 1 Lois is about 10 of ifs a Vest German in a year Brussels any Aroer Icah tour 1st who ordered a car in West Germany last Winter will Bein for an tin pleasant Surprise if he has United to buy the Marks until he picks up the car on summer ills Good american Money has dropped in value and the Marks will Cost him about More on monday id Tois he had made the Deal six months Guilder and the scandinavian cur the last few Days the Dollar has been looking up again on world but compared with the Mark and the japanese yen it has lost about 10 per cent of its value in a year there have been similar against the Swiss and belgian the depressed British Pound showed some improvement last ate cutting Loose from its tie with the Arthur chairman of the Federal Reserve a acct our Dollar domestically As Well ail the statement apparently had a tag effect on the the american tourist can still get better Rale for his Money than last which has just devalued the peseta and in Italy in the Dollar is Lively the equivalent of thai woman evening publicized lost by a Paris might have nearly f last if in designer had been willing to take payment in a tourist May rive scant attention Fern aces As Smau As 10 per though they Are hard on americans who live abroad and Price increases often make spread to a a 5 per cent be some exporters con Edge out a competitor if they Cut their prices by 5 Oer As a cheaper Dollar enables them la statistics dont show this happening but Many european businessmen Are afraid they soon it did happen As 8 result of devaluations in the Early some american experts think it May take a year for the recent drop to take All France seems to be on the move they Call it the annual vacation its not Only the and airlines thai Are jammed As Karl annual vacation mania slant Start the great departure for the August vacation even the walks astride the sir cols leading to the Southern automate on he outskirts of the capital Are cluttered in this Case with a photo France in throes of shutting Down Paris Lap millions of French Sun or tors boarded autos and boats Friday and headed far a month or doing nothing the annual attack of Vaca Tion mania that virtually shuts Down the no where in the world do people attach so much importance to their yearly Vacil Lions and spend so much Lime talking about and planning or their month on the Beach or in the Many parisians carried suitcases to choir offices to get a running others just skipped the last one Early Bird was 18yearold Domini que who walked away from her Bank Job Early because the Only piano she Carter signs fishing agreement with Canada Washington a president Carter has announced that he has signed an interim fishing agreement with the agreement permits fishermen of Cadi country to fish in the 200mile Fisher ies zone of the other until Carter designated Lloyd Cutler o represent the United with the per Sonal rank of at negotiations due to resume next week on permanent maritime Boundary and fisheries could eel to the Caribbean Island of Marti Nique my Friday it is a Mea sure of the Rush that Dominique ran up against the problem even though she made her reservations in i got started too she wait ing for an Airport bus in a Gray so Hook an extra Day its no big the equipment ministry roads Divi Sion estimated million frenchmen would leave for August vacations this competing for apace with Mil lion returning from a july that Means one in in five frenchmen would be driving to or from a vacation this weekend government commercials on television have been urging people for weeks to take Small Side roads to dilute the flow of tray Paris Airport authorities estimated commercial planes would Lake off and land Between Friday and including More than 700 Charters and extra vacation the government has tried to persuade frenchmen to take their vacations earlier in the later in the or at least in the Middle of the month so the Mas Sive departure can be spread but hardly anyone i take my vacation when f happen to feel like chortled a retired woman waiting for a plane that would take her to president Giscard de Sling has asked his ministers to stay at their desks this summer to fight inflation and set a Good out Premier Raymond architect of the governments inflation apparently found Pariss wettest summer in years too much to Bear and was reported on the sunny Southern coast of Spain for a Brief Ive been thinking about it since sep its you need Vaca said Blondia the French government frenchmen have had paid vacations since the almost All French workers now get a minimum of one month and Many get its something weve got said a yugoslavian who married a French woman and has living in Paris Long enough to catch vacation its part of our human he added just before his departure to the Adri Atic coast its something we have boors invade italian Village Italy api herds of wild boars Are terrorizing villagers in Cagliano Alerno in the Central App nines Moun forcing them to remain at Home and to Jeave their lands in Farrold after thai figures May begin to show american goods taking a larger share of european that would mean More orders for american businessmen and More jobs for american the coun tries with stronger currencies would feel the contrary effect fewer orders and this Prospect worries people in Western where unemployment Rose again in the nine countries of the common Market now have about million people out of Over 2 million of them under the age of political leaders fear that continued High unemployment among teenagers and the Young 20s is bound to in crease and support for extremist the europeans foresee other Bills for Oil Are collected in As the value of the Dollar the Oil producing countries will be tempted to raise heir prices to europeans As Well Falo the common Market coun tries had to buy 520 million tons of Oil last so even a few cents a barrel would make a huge common Market officials say they will be Happy if they can keep imports Down to 10 million barrels a continued weakness of the Dollar could damage efforts to unify Western the Only Industry that the common Market countries handles a unit is Agri this is done through a Complex arrangement of compensations for the differences among the the Pound and other european if the Mark grows Loo Strong in relation to the this arrangement could break experts disagree on whether it is the Dollar Hal is growing As the euro peans or the the Yea and the others that Are growing stronger As american experts prefer to its not just a normally a currency loses in value when fee country spends More Money abroad than it takes Over a consider Able period of this has happened with the mainly because of toe huge Bill for imported but West Japan and Switzerland have had a worse problem with Oil they produce nearly none of their As the United states they have overcome the difficulty and Are running comfortable surpluses on their International on the other some europeans have Long believed that authorities deliberately keep us value of the Dollar so that american exporters can sell More goods and imparts Are european complaints will be made directly to Treasury Secretary Michael Bio menthol when he meets ministers of finance from the worlds most important trading countries in Paris on
