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Publication: European Stars and Stripes Monday, September 25, 1989

You are currently viewing page 33 of: European Stars and Stripes Monday, September 25, 1989

   European Stars and Stripes (Newspaper) - September 25, 1989, Darmstadt, Hesse                                Page 28 the stars and stripes monday. September 25.1989 precarious cease fire unfolds in Beirut by the Washington Post Beirut Lebanon s warring factions declared a formal cease fire sat urday and Tor the first time in six months of deadly Battles and artillery barrages the lebanese capital showed signs of peace with shoppers lingering in local stores sunbathers tanning at the beaches and refugees streaming Back into the City. A Security committee chaired by Arab league envoy Lakhdar Ibrahimi Gath ered at a mid City Racetrack with Chris Tian and moslem lebanese army officers and militia representatives and declared the lifting of a sea and land blockade of the Christian enclave by syrian forces and the reopening of Beirut International Airport. The Arab league plan was welcomed by the United states and Syria and other Arab states. The cease fire formally went into effect at 3 15 p.m., one Day after lebanese army Gen. Michel Naouri decided to accept a seven Point Arab league peace plan and abandon the War of liberation he launched March 14 to drive 40,000 syrian troops from Lebanon. The Security committee was formed under terms of the truce plan announced sept. 16 in saudi Arabia. The group will be tasked with monitoring Lebanon s ports and supervising an embargo on arms shipments to the warring factions. Lebanon on the Road to peace was the hopeful headline mannered in the leading Beirut daily an Nahar. Cars jammed the streets saturday and pedestrians mingled on Street Corners abandoning Dank shelters and their radios that for months had brought them news of the latest shelling. The associated press reported thai tens of thou Sands of people streamed onto the High ways leading into the City from Southern Lebanon where Many moslem had fled. While the silencing of guns brought Relief and Hope to lebanese it also brought anxiety. Many people wonder if lebanese Unity can survive the strains of Aoun s War of liberation against Syria that killed about 830 people and wounded More than 3,000 others and managed to Widen the Gulf Between Leb anon s syrian backed moslem and the country s christians opposed to syrian dominance. Only two truce violations were reported a few bursts of machine gun fire along the Green line that separates mos Lem and Christian Beirut and a Brief barrage of artillery and mortar rounds on the Christian Village of Kahaly Northeast of Beirut. Schools and universities announced enrolment dates and schedules and air port officials ordered employees to re port Back to work saturday. The first plane is expected to land Here from cd Dah saudi Arabia at noon sunday. Moderate politicians and diplomats say the Arab league plan was the bes Chance for Lebanon to Settle its 15-year old conflict through political Means. Hussein Husseini the last elected speaker of parliament said that he expected at least 60 of Lebanon s 73 surviving deputies to meet on that Date and debate a National reconciliation charter that would Lay the groundwork for Politi Cal reforms. Lebanon s 99-scat legislature was elected 17 years ago. No elections have taken place since War broke out 15 years ago. Dollar Asi cd Exchange markets the Treasury Secretary Nicholas 1. This part of the communique in a briefing for. Cars. But refused to say what specific actions the coun tries would be willing to take if the Dollar goes higher. In april the officials used Milder language and simply said they agreed that a Rise of the Dollar which undermined adjustment efforts. Would be  the group meeting two hours longer than expected at the Blair House across the Street from the while House also addressed topics ranging from the third world s crushing $ 1.3 trillion debt to we efforts to Aid economic reforms in Eastern officials told reporters the extra Jub Jowas devoted to discussing events in Poland a of Hungary which the communique termed he a the whole Mculuan Afflit g-7 became electric when we started Tajo trabout the events going on in the soviet  Poland Brady said adding that the Qew acc ministers hoped the 152-nation in tar Naum monetary fund would be Able to reach agreement on a loan package for Poland. Ron third world debt the communique praised Brady s latest initiative for achieving substantial  since the Brady plan was announced in March commercial Banks have struck tentative agreements granting Relief to Mexico and the Philippines. Last week however three major . Banks added More than $4 billion to their loss reserves for devel Oping country Loans. Analysts Are expressing concern that this could signal unwillingness to make enough new Money available to sustain growth in the do vol nations most of them in latin America. Unique noted the   support  is needed to support som  programs through a Broad array of Filp Issing and debts ice reduction meet but it Wax Jii group s remarks on tketl6�$ Ullh Al were Moj Pagerly awaited by financial markets.?"  a much stronger statement against any Rise Nhuc Dollar said economist David Jones of Aubrey g. Lanston & co., a government securities dealer. I would expect on the heels of that statement More aggressive Dollar Selling from Central  he said the g-7 countries Likely now will be will ing to accelerate the decline of Lite Dollar when it is falling on its own not just counter any Rise. And he speculated that Japan and West Germany would show More willingness in the months ahead to raise their interest rates As a Means of influencing Exchange markets. Possibly he said the Federal re serve May nudge . Rates lower. An increase in japanese and West German interest rates would make investing in those countries More attractive and would thus raise the value of their currencies. A Cut in interest rates in the United states would push the Dollar lower. The g-7 has issued statements in  to hold the Dollar Down. But  intervention in currency  been largely unsuccessful. The  private currency Trad ing has Growa Wragg that it dwarfs any buying or trial Banks can do. Ice the last g-7 meeting the Dollar has appreciated by about 10 percent against the japanese yen and 3 percent against the West German Mark. The Dollar on Friday bought 146 yen and 1.94 Marks Well above what is presumed to be the upper limit of the trading Range sought by the group of seven 140 yen and 1.90 Marks. In addition to the narrow question of Exchange rates finance officials discussed the broader Issue of in coordination. The United slates has been 1 Germany and Japan to stimulate con sume 33s8iy.n their countries As a Means of Cut Ting their  and reducing the . Defi Cit. The United . Is being urged to re ignite efforts to curb Itro Whitec licit which is believed to contribute to the tra the group of seven talks were t ilijfft6ldj fore the Start of the annual meetings this week i and its sister lending organization the world the g-7 session was preceded by a group of five meeting the g-7 excluding Canada and Italy a the Treasury. A Brady met one on pne with Ryutaro a  the new japanese minister of finance am up 0 Berc Gavoy the French finance minister. It Jmaj go. By s first meeting with Hashimoto. From Page 1 wide array of subjects but placed particular focus on prospects for mov men in arms control at the end of a let that saw Senate democratic Jaa of George Mitchell  timidity in and change in Eastern Europe. Shevardnadze and Baker reached Cmunt on a chemical Cap Al other r Angeo Fratas by the end of the year ant _ inspectors of the other Side to stockpiles and plants by june 30. In a second phase there would be More intensive on site inspections of the submitted data. An umbrella a sue plants and information exchanged even before a treaty to slash Long Range nuclear weapons is completed. Advance notification to the other go cases with Long Range bomb ers and Der Mhz in weapons. A ceiling o ing Mobile intercontinental bams _. Of the launch ers would be exposed for monitoring. Cooperating to enhance the Power of the International court of Justice to Settle disputes. Two agreements to facilitate move ment across the Bering Straits of Eski mos in Alaska and eskimos in Siberia for visits. Agreement on interpreting inter a Al rules for ship movements. Charleston from Page no More than 10 people be allowed in stores at any one time. Robbie Roberts manager of a food lion grocery store in Charleston that suffered Only a few damaged ceiling tiles said a couple of thousand customers showed up saturday before the store was forced to close because it had no lights. Lines were going out the parking lot and into the Street Roberts said. It takes them about four hours to get into the store. It was hairy at times but it worked out All right Roberts said. It was hot and people were irritated others were cutting in  people bought anything they could get their hands on he said and trucks outside gave dry ice to people he said. A crowd hoping to get ice in the parking lot at the Citadel mall started pushing and shoving and police were called but there were no injuries or arrests maj. Charles Wiley said. Frankly some people were panicking Over ice Wiley said noting that food could begin spoiling after two Days without electricity. It was t a riot but it could have been said police it. Mike Connolly one of the first officers on the scene. There was some pushing and shoving cursing just some hot  at another mall motorists turned one Lane of a Road into a parking lot when they jumped out of their cars to get ice that was being Given out. The City has been without electricity since thurs Day when Hurricane Hugo toppled Power lines in much of the state leaving hundreds of thousands of people without Power. Restoring electricity May take a very Long time Riley said. There s no electricity coming into the transmission lines and the generating capacity Down Here is  Utility Crews from Georgia Alabama and Florida have been sent to South Carolina to help he said. Riley said the City surveyed 2,000 buildings one third the total in Charleston and found 24 in varying degrees of collapse. He said there also were several collapsed chimneys in danger of sliding off sloped roofs and extraordinary tree damage in the City. Despite the difficulties the mayor said he was inspired by the spirit in which Charleston residents endured the hardships. Throughout the City today people Are upbeat and they arc thankful he said. They re thankful they re alive and that the City is essentially  the american red Cross expects Hurricane Hugo Relief efforts to be the costliest in the organization s history a spokesman said saturday. Dave Langston assistant director of Eastern Relief operations of the red Cross said the storm will Cost the Agency an estimated $38 million. We estimate that More than 73,000 people have received assistance to Dale and this is just the begin Ning Langston said Al a news conference. More than 150 volunteers and paid disaster specialists will be brought into the Carolinas and other affected areas he said  
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