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Publication: European Stars and Stripes Tuesday, April 4, 1989

You are currently viewing page 6 of: European Stars and Stripes Tuesday, April 4, 1989

   European Stars And Stripes (Newspaper) - April 4, 1989, Darmstadt, Hesse                                Page 6 the stars and stripes tuesday april 4,1989 allies Back . Plan for debt Relief in third world nations Washington a the bus administration s new plan to provide debt Relief for third world countries received a major boost in sunday when in won endorsement from the world s Lead ing industrialized countries. The endorsement was contained in a joint communique adopted by the United states Japan West Germany. Britain France. Canada and Italy. It was issued fallowing almost eight hours of closed door discussions conducted by . Treasury Secretary Nicholas Brady and his foreign counterpart. The . Proposal was not mentioned by. Name in the ref Page join statement but the discussion of the chances needed in current policy showed that me finance ministers were in Genera support of the proposals outlined by or Lay in a March to speech. Debt strategy should be strengthened by placing greater emphasis on voluntary debt Relief and debt service reduction in agreement we h the commercial Banks As a complement to new  the finance ministers said. Trady said time he., was pleased with the endorsement contained in the joint statement saying it was. Unusually de tailed on what approaches now need to be taken and very pc civic on  for prompt action by the International Len icing  was Broad support for strengthening the debt strategy along the lines of the . Proposals Brady Laid reporters after . Canadian finance minister Michael Wilson called the new debt strategy an important step Forward. We have a Good agreement and we have Good support demonstrated for the proposal he told reporters. Stateside 8-year-old Giraffe Dies offer falling on her Side Livans Ville ind. A Evic an a year old female Giraffe died sunday about in hours after falling on her Side zoo officials so id. She passed away at 2 30 a.m.," said Ted Grannon operations curator for he Meslick Park zoo. The body was taken to Purdue University in West Lafayette for an autopsy to determine the cause of death he said. Zoo director Ron Young said Evie fell Flat on her Side slur Daaboul 3 . She was kind of running around in the Sun when All tour feet went out front under her and she landed on her Side Young said. We Don t know if the wind was knocked out of her  her she hit lick  Man hiding in dumpster crushed by compactor St. Louis a a Man who was on his Way to Iowa to attend a raining class on lie Ivy equipment operation was crushed to death after climbing into a trash compactor to hide from authorities police said. Joe Rutherford was travelling with three conf Anions from his Hometown of Memphis to Sioux City Iowa when they changed planes Here sunday at Lambert air port said Cape. Edward longing tic of he Airport police. The men apparently had consumed about s 55 Worth of alcoholic drinks in route from Memphis he said. In the Airport Rutherford got Inlo an unattended electric cart used by Airport personnel and drove to the Mam terminal in a careless manner scattering people on the concourse Longinette said. After Airport personnel began chasing Liim Ruther Ford stopped the cart ran into a room and climbed into a trash Chute leading to a dumps or tie said. He could have though it was an air conditioning Chute and he could hide in there Longinette said. But what he did not know is that there s an electric by  the Chute thai activates the compactor in the  a senior Treasury official who briefed. Reporters said thai while the communique did nol mention specific support to be provided by other countries he expected such announcements would be made later in the week. The administration is looking far countries running Arac Trade surpluses such As Japan to offer to support the debt reduction Effort by providing Money for new Loans. The Brady plan represents a major de parture front the doll approach pursued by the Reagan administration which had repeatedly rejected proposals for Broad based debt forgiveness. The Sij trillion Burden of third world debt has crippled the economies of developing nations and sparked eco nomic and political unrest in Many emerging democracies in latin America. Riots left at least 270 people dead in Venezuela in february after the govern ment announced a new austerity pro Gram to please that country s creditors. The Filc National monetary fund ant the world Bank the two major lending organizations have key roles to play in Amplem Maiio to of the new dbl Relief approach which the administration Hopes will shave the current dbl Burden by 20 percent. In other comments the seven industrialized countries reaffirmed their commitment to stabilize the Dollar saying Ither a Sharp increase or decline in the Greenback s value would be seen us harmful to worldwide economic growth. The countries also told the United states that in needs to do More to reduce its huge budget deficits and said count tries such As Japan that were running Large Trade surpluses should continue to promote Domestic demand in order to provide markets for foreign goods. Capital sign of Spring As the Cherry blossoms reach full Bloom in Washington inc a Man enjoy a peaceful moment at the tidal Basin with the Jolt Tyson memorial in the Back around. Sunday marked the Start of the Capiuk s we Klanott Cherry Blossom festival with events Hinl arc expected to attract 500,000 tourist. The first 90 Chuny Trees were planted along the Poto Mac in 1909 by Helen to Flat he wife of president tuft flit major of Tokyo pot word of the first lady s preen thumb and in 1912 he sch a a Tel of 3,000 More Cher by Recs to Hie City. Sac orders its by b Fleet Back into air after passing inspection Wichita Kan  
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