European Stars and Stripes (Newspaper) - February 16, 1990, Darmstadt, Hesse Lemieux s Streak ends at 46 Page 2 ? the stars and tripes author sized unofficial publication f of Ike u i. Ahmed fohci1 vol. 48. No. 305 Friday. February 16. 1990 Good morning d 8693 a German Union could boost Buck merging monetary systems May Hurt Mark temporarily by Randy Mcclain financial writer Clra Oil. An economist Wilh Citibank in Frankfurt. West Germany says the West German government s attempt to forge monetary Union Wilh Easl Germany could Hurt inc Mark and boost the Dollar. Or. My gonad Ducsai of the London school of economics thinks Chancellor Helmut Kohl will find a Way to achieve economic Union Wilh few problems at Home but he expects the Buck to make minor gains on foreign Exchange markets. The Mark could be Hurt Between now and october but after that it will come Back Strong he said. The Best i can Seefor the Dollar out of All this is 1.80 versus the thai would still represent a 7.5 percent increase for the Dollar Over its current level. Economists opinions arc split Over what Impact the move to make West German Marks the currency of record in East Germany will have on the Wisl German business scene and International Exchange Rales. Some Sec inc move As a much needed first step to prop up the sagging East German Economy. Others say allowing Easl germans to Swap their weak East Marks for the More powerful Western variety perhaps at a generous one for one Exchange rate would be Foolhardy. The pessimists say monetary Union unless it s carefully orchestrated will Drain West Germany of much needed re sources spark higher interest rates Kickoff a dangerous wave of inflation and cause inc West German Mark to decline. Kohl and East German Premier Hans Modrow agreed this week in Bonn Wisl Germany to set up a commission to study monetary Union. But Modrow made it Clear that he s not sold on the idea of bringing inc West Mark to the East at least not right away. He s afraid thai might result in West German businesses buying up the East Ai tire Sale prices. The idea of monetary Union is a tick Lish situation that could have a big in see Buck on Back Page puppet paratrooper Sas gut like a puppet on string an unconscious paratrooper Dangle from a West German air Force plane in the Arctic air Oier Norway thursday As fellow crewmen try to pull him Back into the transport aircraft. Pvt. Michael Loeb 21, of Sembach West Germany whose Chute got tangled when he jumped during a Manv Uter Hung outside the plane for 20 minutes before he could be hauled to safety. The paratrooper a member of the 253rd airborne in lost consciousness and suffered frostbite and Shock but was otherwise unharmed. Bush leaders at drug Summit to step up War Cartagena Colombia Ai president Bush and three latin american leaders holding a drug fighting Summit under heavy Security reached agreement thursday on a coordinated attack against narcotics producers and murderous traffickers. Bush and colombian president Virgilio Barco agreed that the talks were a significant step toward anti drug they pledged thai drug Traffick ing must be confronted squarely and responding to colombian complaints that . See Summit on Back Page top nato official warns against Rushing to disarm b David Tarran Brussels Bureau Brussels. Belgium the danger of an All out Warsaw pact attack on Western Europe is almost unthinkable because of the revolution in Eastern Europe a top nato military official said thursday. But nato should not read into those changes a Opportunity for the Alliance to Lay Down arms said Gen. Vileik Eide. Inc norwegian army officer who is chairman of nato s military committee. While the old dangers May have lessened the new situation does not necessarily mean we should Rush to disarm prematurely Eide said. The risks to inc Sta see nato on Back Page budget a Falls Sheinberg ordered closed by Rosemary Sawyer staff writer Usa eur officials announced thursday thai the re Cinberg military Community will close by oct. I confirming weeks of rumours heard by the soldiers and More than 500 civilians working there. About 100 family member hires and 339 local National workers will be Laid off when the army turns off inc lights in inc Rich cd building Headquarters for the 7lh theater army area come. The closure will also displace 79 civilian employees working for depart men of the army. All soldiers stationed in Sheinberg will be re assigned. The number of soldiers assigned to inc sup port command was not available thursday. Etc Ryling reasonably possible will be done Lomini Mize the Impact on these employees and they will be furnished maximum assistance for continuing employment with the army a Usa eur spokeswoman said thursday. A few positions May continue in the general Rhein Berg area said staff sol. Elayne Mcnema although inc number was not known. Usa eur s commander Gen. Crosbie Saint or dered the facility closed. He based his decision on a 10-month review of re Cinberg s operations and a need to save Money and use resources More effectively. The army expects the do activation to save $135 million in operational costs Between 1991 and 1996.an additional $36 million will be saved through can celeb construction projects. The closure follows a Money saving decision by de see budget on Back Page
