European Stars And Stripes (Newspaper) - November 7, 1987, Darmstadt, Hesse                                The stars an vol. 46. No 203  Anomie us.  ran saturday november 7, 1997 ripes d 8693 a Spain to reject . Wing cutback offer from staff and wire reports Madrid Spain a . Offer 10 reduce by two thirds an air Force fighter i raft stationed outside Madrid is not enough 10 save a joint defense Accord that Spain Inion is to let lapse a foreign ministry official said  would inform the United Stales that it rejects renewal of the 34-year-old treaty in its current form said Juan Lena undersecretary for North american a . Embassy official in Madrid told the Sta Sand stripes thursday he had no knowledge of such action by Spain and added that negotiation arc continuing. Defense Secretary Caspar Weinberger in his fare Well press conference at the Pentagon thursday  the Spanish government says they will not renew the agreement they Are signalling Only that they want a new  terms of that new agreement just Haven t been worked out yet Weinberger said. It is terribly important that those two wings Are kept in that country and in thai  seventh and critical round of deadlocked talks on the Accord which provides for american military installations on Spanish soil opened thursday. Unsaid Spain would give the requisite sin months cancel lation notice at the session. Lena told the associated press that Spain expected Little Progress in the two Day session. Madrid has been demanding the withdrawal of the . Air Force s401st tac fighter Wing of 72 f-16 fighter jets from Torr Jon a outside Madrid. The agreement expires next May but stipulates that both sides must give formal written notice of any de sired change or cancellation six months in . 14 is the last Day either Side can give notice. Lena said the spaniards would not put any new elements on the table thursday limiting themselves to reiterating their demand for withdrawal of the f-l6sas Well As five Kc-135 refuelling Tanker jets at Zaragoza a in northeastern Spain. The american delegation Ted by ambassador Reginald Bartholomew was expected to propose pulling out All but 24 of the f-16s at Torrejon. But Una Sai defense minister Narcis Serra had rejected the purer As insufficient when it was presented monday in Call see Spain on Page 26 Buck skids to new lows new York a the Dollar tumbled to record lows on world markets thursday after the Reagan administration said it would rather let the Dollar fall than risk a races lion by propping it Uwi thigh interest  Dollar fell in new York 1.2 percent assist the Japa Nese yen 1.6 percent against the German Muk and 2.1percentagainst the British Pound. Id very unusual situation it s As though the dollars in a free fall and yet the Reagan administration is not encouraging stability said Stephen Leach a currency an  new Yor capital Market group. Gold prices also tumbled. Republic National Bank of new York reported a Tate bid for Gold of s8 a Troy ounce off sharply from wednesday t late bid ofi466.50. Comments by Treasury Secretary James t Baker Iii Hubli hed in Thundal Wall Street journal and later con firmed by the White House that the administration is Wittl Ina to sacrifice the Dodar to stave offa recession absolutely did it said Joseph Cally a Foreit Exchange trader at Prudential Bache securities inc. The Dollar crashed through key psychological barriers in hectic trading dosing in new York at a Post world War ii Low of 1.6767 German Marks Dow from 1.7045 Marks wednesday and at 135.10 Japa Nese yen a level not seen since the late 1940s and Down from 136.70 on wednesday. At Home several major Banks lowered their prime lending rates to 8,75 percent from 9 percent. Related analysts said the psychological effect of the Dollar s plunge has been profound. Until recently the approach had been to support the Dollar but now the govern ment is telling us a lower Dollar is of and that take some gelling used to said Jack Barbaric senior vice president at Gruntal &  Tokyo where trading ends before Europe s Busi Ness Day begins the Dollar fell to 135,95 yen its lowest level since the late 1940s and Down 1.30 yen from wednesday the Dollar recovered modestly in late London trading to dose at 136.05 yen before sinking again in new  Dollar also tumbled in London against the Brit ish Pound to a five year Low of $1.7850, compared with $ 1.7480 on  Dollar rates in Europe induce 1.6935 Ger Man Marks Down from 1.7070 1.3935 Swiss francs a Cost War Low and Down from 1.4110 5,7240 French francs a six year Low and Down from 5.8255 1.9070 dutch guilders a seven year Low and Down Fromi 92701 1,248.00 italian lire a six year Low and Down from 1,264.50 and 1.3302 Canadian dollars up from 1.3233. App Aio president Reagan Laks on a a parting defens Secretary Caspar wac Burger Kalu. Read w oks Weiskerger retirement Washington pfc president Reagan thursday bid Odds Peel to retiring defense Secretary  a seven year vet eran of his Cabin Jet and the Amrod fora mauve Pentagon buildup and nailed National Secundy adviser Frank of Plucci As he successor. Reagan also promoted Almy u. Gen.  a. 2 Man on Tift National Secundy Council staff to succeed Cai Iucci and said that under his direction the team will remain in  even before his ele Valik Powell was the highest raring Black on Reagan s staff. The chances come As the  pre pares for Summit meeting be fanning dec. 7 in Wash Nean Between Reagan Alu soviet Leader Mikhail Gorbachev. The two Leaf Era Are to sign a Trail eliminating inter Media Range nuclear weapons and discuss cutbacks in Bratetic weapons a Well As differences Over a . Star Ware missile defense program.  spokesman Martin Mowat Essaid Weinberger would remain on the Juntu car Luc is confirmed. He said the 1%ite House dots not anticipate any problem in Carlucci confirmation a process he has been though Sev eral limes before. / in a nationally televised ceremony in the while House Rose Garden. Reagan lavishly see retire on Page 28 it s life or death for Navy mar programs  Bureau ac1reale, Sicily fast and  in the Navy s morale Welfair and recreation program will mean Cutsin some programs and new life for others the director of recreation services for the Navy in Europe said. The changes Are the result of congressionally mandated reductions in approx grilled fund support for the services mar programs Al Shannon told 110 delegates thursday 11 the Navy in apr europ wide symposium Brj urmand matter chief Petty Sofii Camaho command ombudsmen. I think we will become a Little bit leaner More efficient and will possibly be required to eliminate some of those programs that Are not Cost effective and serve few patrons Shannon said. A be Lack of funding will hit the Mill  the hardest he said. Peluni Wasl appropriated fund sup port for Eisenh feedings in the of ii clubs Shannon sat is go it primarily in Tai if club is  breakfast at  club at  Isif fifth be eliminated. Shannon said the cuts May mean that officers chiefs and enlisted sailors will share consolidated clubs in the slates. No longer can we afford to support the overhead of three or four different facilities on a base he told delegates on the final Day of the three Day symposium hosted by Simonella Nas Sicily. Shannon who has worked for 25 years in the recreation Field also " l1" patrons will Iii  renewed pm programs for military a embers and families. Flans Call for fitness centers similar to stateside health clubs where patrons will work out under the guidance of trained fitness coordinators. Ion said one of the immediate the Navy in Europe is the Stab  sponsorship for some of . The first thing stare attempting is the commercial sponsorship of a Nav Europe National football league Golf tournament. This will be done in con Junction with the nil and a sponsor a ill Irtle a brewery or a porting goods manufacturer he said. What we anticipate is getting four of the lop nil player to do a Lour some time in May of naval installations in Europe the tour would Sun in the . And work its Way Chr ought Spain and Italy to a final match in Italy. We Hope to be Able to get some 40 of the Navy s Best golfers to compete with the nil players. It will also involve Lead up tournaments for those competing for the Opportunity to play against or wit the nil pros Shannon said