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Publication: European Stars and Stripes Sunday, September 21, 1986

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   European Stars And Stripes (Newspaper) - September 21, 1986, Darmstadt, Hesse                                Inside stripes o restored Village gives View of past Page 3 o democrats continue arms control Battle Page 5 d Chison s Cowley no hits Angels Page 21 the Strant stripes vol. 45, no. 156 sunday september 21, 1986 in doily Ond Slomov q 8693 a . Urged to halt Dollar slide Glen eagles Scotland a the12 european common Market nations saturday urged the United states to halt what they consider a deliberate a fort to drive Down the Exchange value of the Dollar officials said. The Dollar s latest decline to its lowest level against the West German Mark in five years raised fears in Many european countries of a loss of exports to America and thus a loss of jobs. A fall in the Dollar s value against european currencies increases the Price americans pay for imported goods. Meeting in a luxury hotel at the Glt Neagles Golf resort. Common Market finance ministers also rejected . De mands that Germany the strongest european Economy stimulate its growth by cutting interest rates. Treasury Secretary James a. Baker Iii said thursday that the Dollar May have to fall further unless Germany and Japan do More to increase their imports of . Goods. Baker said German and japanese Domestic demand could be stimulated by interest rate cuts. The Dollar fell sharply against the Ger Man Mark in response to Baker s com ments. It has lost about 17 percent of its value against the Mark since the Start of1986. The ministers agreed that the Reagan administration should do More domestically to solve its Trade imbalance such As cutting the huge budget deficits said h. Pnno Ruding the dutch finance min ister. In a Clear reference to Baker s re Marks Ruding said we think that some americans should Slop making Public statements about the course of Prost oktoberfest begins the Beer is lowing after Munich s lord 12 huge steins each containing about a the first Day of the 16-Day fest. Seven mayor tapped the first Keg at the open liter quart of Beer this waitress is on million visitors arc expected to attend ing of oktoberfest saturday. Carrying her Way to serve thirsty customers on oktoberfest this year. Senate oks deficit reduction Bill oids motor new faxes cuts Ytol Washington a Early saturday passed a deficit red Bill that some observers Call More flu than real stuff but lawmakers said it sough to avoid the across the Board get cuts of the Gramm Rudman Bud get balancing Law the lawmakers followed the 88-7 Bud get Bill approval with an 80 is vote to lift the threat of the Gramm Rudman cuts but with majority Leader Bodole r-kan., holding out the Chance of reconsidering should the deficit Bill col pc before final enactment. The House is expected to move on similar legislation next week and differences in the two versions would have to be resolved before it could go to presi Dent Reagan s  election year deficit package Man aged to avoid any real spending cuts or tax increases but would still reduce the deficit about $13.3 billion. It would raise fees on government services in s on tax scofflaws and pay Fornal Revenue service enforcement and uld sell government assets such As Tou or folios and the Conrail freight Railto the measure had lated provisions including gun rfcs that social Security recipients Wou Cost of living increases in january and that Farmers would get advances on their crop payments language already included in other legislation. An amendment was added on the floor to protect the social Security Trust fund from disinvestment during a government credit crisis and to protect fed eral civilian and military pension in creases from Gramm Rudman cuts. Those matters also were pending in other legislation but attachment to the budget Bill might Speed enactment. The Bill dumped a proposed increase in the cigarette tax a favor for tobacco state senators facing re election this year. Among the deficit cutting provisions Are Selling the Conrail freight Railroad for an estimated $2. 1 billion. Raising penalties on income tax and hiring More internal Rev to bring in a total of. Selling i my  loan portfolios including of the Export import Bank Rural Devegh tact insurance fund and Small business administration. Raising fees from the Federal in see deficit on Page 28 the Dollar. The common european View is that we do not think that it is a very Wise course of action and we Hope that it could be stopped. It influences currency markets in an unjustified Way kurding  s finance minister Jac ques Poos told reporters that the com Mon Market the world s biggest trading bloc would work behind the scenes to urge . Action to stabilize the Dollar. It s too delicate to do this through the see Dollar on Page 28 pre Summit discussions con Nung Washington up1 the superpowers apparently resumed their Long Rocky journey to a Summit sat urday during the second Day of talks Between Secretary of state Georgek Hultz and soviet foreign minister Eduard Shevardnadze. The two men met for an hour wit Only their interpreters in Shultz s Sci. Tenth floor office before they joined their teams for a plenary session in the state department s James Madison dining room. Related stories pages 2, 8. The mood saturday was noticeably lighter than on Friday when Sulu and president Reagan sternly made the american outrage Over the Danilof Casc the dominant Issue in their talks with Shevardnadze. On saturday Shutlz and Shevardnadze chuckled and traded inside joke about exchanging  the hour Long morning plenary session ended at 12 15 p.m., and the two sides travelled the Short distance from the state department to the soviet embassy for see talks on Page 28 travelling Light is Fine but. Birmingham England a the Airliner carrying vacation ers to the Mediterranean had just reached cruising Altitude when the 100 passengers got a startling Mes Sage from the Pilot. Sorry we Are returning to Bir Mingham because we have forgot ten the Luggage they were told. The Boeing 737 was at 30,000 feet heading for Crete when ground staff members at the Bir Mingham Airport discovered that they had somehow neglected to put the baggage on Board. The Ter Minal radioed the plane to comeback rather than leave its Passen Gers without a change of clothes. Airport manager Mike Hawkins said the system used to prevent such mishaps had malfunctioned  
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