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Publication: European Stars and Stripes Sunday, October 6, 1985

You are currently viewing page 8 of: European Stars and Stripes Sunday, October 6, 1985

   European Stars and Stripes (Newspaper) - October 06, 1985, Darmstadt, Hesse                                Page 8 the stars and stripes sunday october 6, 1985 shadowing a cub a Royal Navy sea i Larrier from the 800 Natal air so top shadows a so it an-12 cub b intelligence gathering air Craft that was observing the recent Ocean safari exercises conducted by nato in the North Atlantic. Oday Baker s plan to solve debt crisis met by demand for easier credit Seoul us l Treasury Secretary James Baker launched a Campaign saturday for new initiatives to solve the third world debt crisis but developing nations were demanding a simpler remedy easier credit and a lot More of it. Baker arrived for the annual meeting of the International monetary fund and world Bank armed with what sources said were proposals to juggle existing funds and establish governmental guarantees to give the hardest hit countries Mure Access to Low interest Loans. Baker immediately plunged into a tightly guarded four hour meeting on the 21st floor of the Seoul Milton with finance ministers from Britain. West Germany. France and Japan. Sources said Baker attempted to persuade the Industrial nations to Back the . Plan. But As the meeting got under Way. The group of 24," on umbrella organization actually representing 127 devel Oping nations including the world s biggest debtors issued a statement saying the poor nations real needs Are a Mas sively larger lending Pool and flexible credit terms. . Officials have said there is Little likelihood the United states will propose new funds for the if which helps coun tries weather temporary balance of payments crises or for the world Bank which finances Long term development. The United states is the leading contributor to both organizations. Baker and Federal Reserve Board chairman Paul Volcker were tight lipped As they arrived for the meeting with the other finance ministers from the financial Powers. Asked How they thought the proposals would be received both said we ii wait and  but sources at the meeting said Baker Hud a Lough Selling Job. He was Likely to clash with his european counterparts Over several portions of the proposals and Public scepticism from the increasingly militant debtor nations which arc voicing resentment at crippling interest pay ments and Domestic austerity measures imposed on them As conditions of further Loans. In issuing the group of 24 statement. Argentine Economy minister Juan v. Sour Rouille branded the reported Baker proposals  and he called for a doubling of the world Bank s $95 billion lending resources As a  Bank officials said later the developing countries would be satisfied with any commitment of new funds to the Bank s International development association a soft loan window that provides nearly interest free Loans to the poorest nations. We need a strategy to share the fruits of development throughout the world sour Puilla said. The world eco nomic situation is far from  at the formal if world Bank session this week Baker is expected to propose a new fund jointly administered by the two organizations that would consolidate several existing funds into a lending Pool to Channel More than 55 billion to the poorest countries of Africa and latin America in the next five years. James Buker. A Tough Selling Job ahead a key Clement is the inclusion of a $2.7 billion if Trust fund generated from Gold sales in the Early 1970s and Lent out that is now being replenished through repayments some european nations however have indicated Thev want new Trust fund Loans to depend on How Well the applicants have complied with if demanded economic reforms a demand flatly rejected by the group of 24 statement sour Rouille said inc developing nations did not View with sympathy any proposals to make Trust fund Loans which have historically been supplied without conditions incumbent on further sacrifices by the debtor countries Baker is also expected to offer a program under which governments or multilateral organizations would guarantee private Loans to developing nation.,. Banking sources said my of the european Indus Natco i lyrics did not like the idea the group of 24 also called again for the creation of a ask Force to study an overhaul of the world Finas system and sour Rouil c disclosed he has invited the group s Sites representing most of the developing and debtor to a meeting a february Buenos Aires Argentina. Northern Vietnam s Rice crop severely damaged by flooding Bangkok. Thailand ai1 fluids fed by Monsoon  killed 34 people and severely damaged the Rice crop in Northern Vietnam during Tiv first half of september. The Vietnam news Agency has reported. At least 192 villages in the provinces of i la Nam Ninh Thanh  and Lla Sun Lime Curc submerged. More than m if those villages  under  As dikes broke the tie As Agency monitored Here said serious flix Tjing hit hat  and Alai Hung provinces As Well. 11 said. The Agency said nearly a null Iii acres of the Rice crop was swamped. Intensive efforts to Drain the Fields salvaged some of the crop but some  acres was lost the Agency said. High officials attend marriage of two koalas in Tokyo zoo Tokyo a new some Wales Premier Neville Wran presided Over the marriage of two koalas in the Tokyo zoo to celebrate the Bond Between Tokyo and his Home slate in Southeastern Australia the wedding was held Between one of two male Koa Las Given by new South Wales last year and one of the four female koalas Given by the Northeast australian state of Queensland this year As potential mates to the males. Two of the female koalas have died in the last two months both of apparent inability in adjust to the differ ent environment. The ceremony was attended by Tokyo gov. Shunichi Suzuki and a Host of other officials wid an official of Trie new South Wales government office who spoke on Condi Tion he not be named Europe getting 22 new cases of aids weekly who reports Geneva Switzerland l l l aids in Europe has been increasing this year by an average of 22 cases a week the world health organization who says. As of june 30, who said. European countries had reported a total of 1,226 cases of acquired immune deficiency syndrome with a death rate of 55 percent. Who said France had the highest number of cases with a 2. Followed by Germany with 220 and Britain with 176 but the highest rates per million population were in Switz Erland 9.7. Denmark 9.4 and France 7. The Rale in the United Stales is 4s.4 per million who said. Males accounted for 91 percent of All cases in Europe Imp homosexuals or bisexuals Acou Niilre for an average so percent of the cases who said English teachers walk off Job to Back suspended colleagues Manchester. England a i lunar cd of Man Chester teachers walked off the Job in support of 48 teach ers suspended for refusing to teach saudi nos who wrote obscene slogans on school Walls. The teachers joined a save our standards rally and March that brought downtown traffic to a standstill in Airitam s eighth largest City. Officials said the Wildcat Sirick forced the closure of of least 1 5 secondary schools for half a Day. The protesters demanded the reinstatement of the 48 teachers suspended at Pound Wick High school in a Contro Versy Over racist and sexual Graffiti referring to school Mill i. German suicides claim 9 times As Many lives As car accidents r the arc " in Man resulting from suicides than from traffic accidents being successful. For ,1y cd Pil Riso i Lac were Only 1.587 deaths resulting rom traffic accidents in 1983, the latest year for which Liguras arc available. Id to emotion How in said a c Calion should be paid Tol troubled people in efforts to prevent suicides. C a my h is Donc for pc driving and Securi of life the lion he said  
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