Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Saturday, June 6, 1987

You are currently viewing page 1 of: European Stars and Stripes Saturday, June 6, 1987

   European Stars And Stripes (Newspaper) - June 6, 1987, Darmstadt, Hesse                                Summit the is am filpes authorized unofficial.  co the i. Ahmed Poi Cei vol.46, no. So saturday june a 1987 d 8693 a arms agreement near Reagan tells Europe Venice Italy a president Reagan told euro we re not there yet of course some hard questions cans Friday the United slates and soviet Union Are remain. But the prospects Are Good Reagan said in a close to reaching an arms agreement that is very much in televised address beamed to Europe by the United our inheres a and on our terms to dismantle hundreds of states information Agency. The speech was a further nuclear tipped missiles in Europe and Asia. See arms on Page 28 managing world Economy the main Summit task compiled from staff and Rire reports the Heads of the seven leading Indus trial nations meet in Venice beginning monday to continue work on what is perhaps one of history s most impressive mandates devising a Way to manage the world Economy following up on the groundwork Laid Down by their economic ministers at less formal meetings in Paris London and new York the seven representing the United states Japan. West Germany France Britain Canada and Italy will seek to Hammer out a framework for holding the world s economics on course. Such International economic policy coordination centers on six areas of performance growth Trade budget bal ances inflation intern rates and cur Rency Exchange Rales. Already in effect is a system for limit ing currency Exchange rates a partial step Back to he system of fixed rates that went out of effect in the Early 1970s. The group of Stven meeting in Paris in february for example set ranges for both his Gentian Mark and the japanese yen and despite occasional swings those Lim its have held. The Venice meeting therefore will be a confirmation of what was Laid Down in the louvre Accord Bundesbank president Karl Olio Prochl told graduating members of the University of Maryland in Germany lust week. For americans serving in Europe that is Likely to mean the Dollar will remain close to current Levels. Following arc Brief sketches of the leaders and their priorities Ai the sum Mit president Reagan the biggest economic problem facing the economic Summit is the collapsing . Dollar. It is creating havoc among . Trading partners particularly Japan and West Germany and threatens renewed inflation in the United states and with it higher interest rates. In the past . Officials were Content to see the Dollar fall hoping its depreciation would make imports More expensive and . Products More competitive abroad. However in the past few months the White House has agreed with the other Industrial Powers that the Dollar has fallen enough and that a further decline could create severe eco nomic problems in he United states and abroad. Reagan probably will favor an end of Summit comm Unnue stressing More growth in countries with a Trade surplus record is 6 billion Lasi year. The other countries want More commitment for a Cut in the . Budget deficit a major Factor in Trade  has had no problem agreeing to such promises although delivering is an other question. The administration also can be expected to press for More Progress on a plan launched at last year s Tokyo sum Mit calling for closer coordination among the Industrial Powers on Exchange rates. Reagan is expected to press again As he did in Tokyo for More International talks on the evils of government subsidies of agricultural products. An arms Deal with the soviets is also see Summit on Page 3 glorious flight jackets of old reborn for air Force pilots by Daryle. Green Kaiserslautern Bure a Sembach a Germany Well dressed air Force pilots will soon be wearing their scarves draped Over a new flight jacket. Actually it s an old flight jacket. I think it s super that the air Force is going Backoo the leather Light jacket said capt. Mike Ryan an a to Pilot with the 509th tac fighter so a Sembach As. The jacket symbolizes All the glory thai All the kids grew up with of world War i of tighter aces Over Europe the reborn jackets will be issued to air Crews in combat ready operational units according to the air Force news service. The air Force Hopes issuing the jackets will enhance Esprit within the air Crew Force and help curb the recently experienced decline in retention. The project will Cost the air Force less than s3 million the news service said. It quoted it.  j. Hickey Deputy chief of staff for person Nel As saying if this initiative alone enables the air Force to retain several operational pilots who would have otherwise left the service it would have paid for itself in the first  the air Force says it costs More than $ i million to Irain an f-1s or f-16 Pilot. Naval aviators have worn the jackets for 60 years but the air Force stopped issuing leather jackets in 1948, shortly after it switched Over from the army air corps and became its own service. The idea of using the leather jackets to keep pilots in the service was suggested by Field command ers the news service said. I think anybody would be fooling themselves to see jackets on Page 28 s4s in Tatry a Ftp d capt mice Ryan Cara dad s Wii leather jacket. Canada pledges dramatic buildup of armed forces Ottawa a Canada declaring its armed forces in danger of rust out after decades of neglect announced Friday an ambitious defense buildup including the Purchase of 10 to 12 nuclear powered submarines. A while paper introduced in parliament by defense minister pen Beany also said Canada Wilt cancel it commitment to Send a brigade and two fighter squad Rons to Norway in wartime. These troops will be deployed during an emergency 10 reinforce Canada s nato Force of 6,900 in Ger Many beatly said. The document pledged a minimum 2 percent grow thin defense spending Over the next is years with additional sums for special programs such As the nuclear submarines. Gen. Paul Hanson chief of defense staff said the military got everything it wanted in the nation s first comprehensive defense review in 16 years. The plan Calls for a three Ocean Navy with a bal Ance Between nuclear powered subs surface vessel Sand patrol aircraft. Canada also plans to develop new sonar systems for under ice surveillance in the Arctic and research into space surveillance against missile attack. The nuclear subs would carry Conven Liona weapons in line with Canada s non nuclear policy. Nuclear propulsion will enable them to patrol under the ice. The paper stressed a Sovil military in real in the North and . Refusal to acknowledge Canada s claim to sovereignty Over the Northwest passage through the Arctic la added that modern warfare technology makes the Arctic More accessible. Prune minister Brian Mulraney s conservative government has focused on the need for a Strong Navy to guard Northern Waters against soviet subs capable of bunching nuclear missiles protect sea lanes in the Allan tic and Pacific and assert sovereignty in the Arctic  
Browse Articles by Decade:
  • Decade