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Publication: European Stars and Stripes Sunday, April 26, 1987

You are currently viewing page 47 of: European Stars and Stripes Sunday, April 26, 1987

   European Stars And Stripes (Newspaper) - April 26, 1987, Darmstadt, Hesse                                Sunday april 26.1987 the stars and stripes Page 3 f Hanee experts in dither Over Dollar ?6-Monfri slide has spawned new problems new York a Toi Tiuis months after the Dollar began lit unsteady  Market arc in turmoil and the United  for new Way to gel its Trade problem under con the new approaches include cajoling trading pan ners about the need for cooperation and threatening them with sanctions when cooperation fails to Materi Alize. See common rates Page 27. Economist agree that the depreciation of the Dollar remains a powerful tool for making american products More competitive and bringing pressure on trading partners to increase their imports. But the Dollar s slide in recent weeks has sent Stockand Bond markets gyrating Between Hopes for higher expo and corporate profits and fears that a cheap Dollar could trigger higher inflation and interest rates. Related Story Ftp 9. Typifying the confusion the Dow jones30 Industrial stocks recorded its Secand in gain Ever on tuesday up 66.47 Points o51.13 Points on wednesday. Since its Strong Days of  1985,the Dollar has fallen 4s  the japanese yen and the German mar spam percent against the British Pound. But it i inclined much less against the currencies of Tolbet Trade partners s Percenti the Cana pm Dollar and i percent against the Nile against most major currencies a Commerce department report on the Gross National product that indicated slowing economic growth coupled with higher inflation. On Friday it dropped 1.65 yen to a record Low Clos of 139.50 yen on the Tokyo foreign Exchange the Bank of Japan intervened heavily buying an Effort to Check the yen s further a Pruccia. The  close the Trade a United states. Of Piethe new message does not get through Jbv Ncnew Way to drive it Home Trade sanctions. The s300 million in tariffs imposed recently on cer Tain japanese televisions computers and Power tools was ostensibly in retaliation for alleged japanese Viola Tion of a Trade agreement on computer chips. But Many analysts believe the tariffs were actually intended to impress upon Japan that it must drastically Reform its traditional Reliance on exports for eco nomic growth for its own Good and the Good of the world Economy. �1 refer to current american strategy As tactical pro harem " David Hale chief economist of Kemper --1- inc. In Chicago  a recent the  is that tactical protectionism could snowball. Esperita Kliven the mood in washing ton. High Tariff Walls Sucht Muliose of the 1930s could freeze Trade and Send the Oak conomy into de pression T another risk Little spoken of so i ,. Pressure on Japan could weaken Tiwi longstanding Friendship. While the United stall ,.plains about being hooded with High tech japanese products the soviet Union might prove a willing Pur Chaser. Memorial to 44 British sailors killed in 46 unveiled on Corfu Corfu Greece a former British naval officers on Friday unveiled a memorial Here to 44 sailors killed in 1946 when two Royal Navy ships struck mines while steaming close to the coast of Albania. The 60-minute ceremony at the English cemetery on this Western resort Island was attended by More than 100 elderly survivors and relatives of the two destroyers Crews. Although the Corfu Channel Inci Dent belonged to the cold War period of East West confrontation after world War ii it is still a major obstacle to restoring diplomatic ties Between Brit Ain and communist Albania. We Are Here to Honor the dead an record publicly the names of those who have no known Graves but the sea said rear adm. Teddy Guritz an officer on the Sau Marez one of the ship damaged by mines Laid in a narrow Strait Between Corfu and Albania. The 5-foot-High Marble memorial names 32 sailors whose bodies were never recovered. Another 12 victims Are buried in the wildflower filled cemetery among elaborate tombs of 19th Century Soldier Sand expatriates. Corfu was ruled by Britain from 1815-64.the Sau Marez was pan of a four ship British Convoy routed through the Corfu Channel on oct. 22, 1946, in Ashow of strength aimed at keeping the waterway open to International ship the ship struck a mine Laid about1,000 Yards of the albanian coast. An other destroyer in the Convoy Volage also was damaged by a mine while towing the Sau Marez to Corfu Harbor. The ship was enveloped in Spray and i Felt myself being blown into the air from the Force Ofine explosion said the Rev. Lord John Sandford an officer on the  waterway had been swept clean in 1945 of German Laid mines dating from world War ii. But the mines hit by the British ships were placed Only afew weeks before the Convoy sailed through the Strait according to British officers who renew Cpl the Corfu Chan Nel after the incident. Gueritz said the Sau Marez drifted close to the albanian Shore after the  could see albanians armed with rifles waiting for us to run a ground. I have no doubt they knew about the mine Field he said. Britain was awarded 875,000pounds then about $2.5 million Dol Lars in compensation by the internal Tiona Conn of Justice at the Hague in 1949. But Albania refused to pay up claiming it bad no knowledge of the mines and later asserted that Yugo Slavia was responsible for laying them. In retaliation Britain still refuses to hand Over Albania s Gold reserves now valued Al More than $30 million an stored in London since they were re covered from Germany at the end of world War a Albania which still resents an undercover British american attempt to overthrow Enver Hoxha s stalinist re Gime in the Early 1950s, says it won reopen diplomatic relations with Brit Ain until it gets Back the  As part of self isolated Albania s cautious opening to Western Europe indecent years British and albanian officials held inconclusive talks about the Gold in Paris in 1985. Under Ramiz Alia. Hoxha s Succes Sor Albania is boosting relations with its neighbors. A railway link with Yugoslavia opened last year and a ferry service Between Corfu and the South Ern albanian port of Sarande is currently under discussion. Anti census activists under invest ligation Mainz i prosecutors pie Friday Folli party and con imposed to the my said. Chief Mainz. Pel told the a that police also Homes thursday belonged to the fringe com Hemple said lets at Green Mainz urging c census question an alternative we have i Ushers of the on suspicion of Iny a German investigating five peo ing raids on Green Inist parly offices of 25 census authorities a Tutor Werner hem la Telephone interview in Chad several private but did not say if they tars of the greens or Hist party. ,1 confiscated Leaf i communist offices Intens to damage their ires and take them to Tion station.1 Ople the alleged pub is under investigation tiling criminal action salvages ready half sunken ferry Zeebrugge Belgium a Sal pagers on Friday prepared Lolow Back into Zeebrugge the half sunken British ferry that capsized outside this Northsea port on March 6 with 543 people aboard. The same Salvage Craft that pulled the 7,951-ton Herald of free enter prise Back onto its keel in april had been scheduled to Low the vessel Bac Kinto Pon later Friday but the opera Tion was delayed until monday without explanation. Salvages worked in warm and sunny weather Friday exactly seven weeks after the ship capsized officials have said 176 people Al British nationals arc confirmed to have died in the March 6 disaster. About dozen bodies Are still believed to be in the Tower car decks. The vessel is to be taken 10 8 Tempo Rary mooring inside the Harbor Walls. There officials will retrieve the remain ing bodies still entombed in the ferry. The cause of the capsizing is under investigation in Belgium and Britain. The shallow draft ship fell onto its onside in less than a minute As it left Zee Knigge to go 10 Dover England ii is widely believed it capsized Atwater rushed into the car deck through Bow loading doors that had been left open As the ferry left its berth. In the Days after the capsizing 61 Bod ies were retrieved. Another 115 have been brought ashore since the ship was pulled Back onto its keel in a nine hour righting Man Euver on april 7. Divers were unable to recover All the bodies from the Multi deck ferry. They Only retrieved those in accessible areas saying it was Loo dangerous to operate amid the debris and dozens of Over turned vehicles on the Tower decks. Boycott the Ceniti Mecl mid he said poli also searched offices belonging to left leaning Youn democrats the Testa no student association of main and the general Stu Dent Commissio of Mainz University. Federal prep it ions for the census the first in Gei any since 1970, have been hampered y a leftist led Boycott Campaign. Critic say the census will endanger citizens privacy because collected data will accessible to police and other Securi organs. Conservative Chancellor Helmut Kohl s govern argues that the data will be used Only by officials involved in economic and Soal planning. Kohl s Golem Tel is waging a Multi million Mark fld rising Campaign to win Over foes of census estimated in opinion polls to r resent As Many As 10percent of the pen c. Chile Boli montev1de a Rcd thursday from landlocked port corridor Fror civic Ocean in the tween the two Nal a hold talks up Chile consider a request Ilivia to allow an a Vic Andes to the pairs i negotiations be is in nine Yean  
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