European Stars and Stripes (Newspaper) - November 29, 1990, Darmstadt, Hesse Crisis in the related stories and photos pages 2, 3 and 24 the Sra a gripes authorized unofficial publication for the u.8. Armed forces a a a a a a 25 Dally and sunday d 8693 a Good Mornin vol. 49, no. 229 thursday november 29, 1990 a a military banking fee hiked by Randy Mcculmn financial writer the Cost of changing dollars into for in currency at military Banks in Ger any the United kingdom Greece and in Netherlands is headed up by 25 per ent. A department of defense directive an bounced wednesday Means that in eng my americans will have to pay one Nore Penny for every British Pound they my. In Germany americans will get one ewer pfennig when they change dollars nto Marks. The fee increase took effect in England on wednesday. It will take effect next tuesday in Germany Greece and the Netherlands. It is the second increase since Jan. 1. The fee has More than tripled since july 1988. Mark Scheidler banking Liaison officer with the . European come in Stuttgart Germany acknowledged the fee increase is a bitter Pill for . Servicemen Bers and their families in Light of the weak Dollar and the massive deployment of troops to operation desert shield. But he said military banking worldwide is losing millions of dollars per year and something had to be done to prevent the operation from closing its doors. A what options do we have would you rather run the Banks until april and then shut it Down a he asked. Congress handed the military banking system worldwide a harsh blow this fall when it appropriated Only $15 million to fund the program for fiscal 1991, which began oct. 1. Dod officials in Washington have said that represents 50 percent of the amount the program needs to break even. Dod officials said the program has lost As much As a the Low $30 millions in recent years and the congressional budget Cut made fee increases unavoidable. A when it became Clear the budget was going to be that Short Dod folks immediately asked what could be done to raise Revenue a Scheidler said. The new schedule requires the military Bank to keep 2.5 percent of every transaction. The old fee which had been in see Bank on Back Page key lawmaker says . Should stick to sanctions by the associated press one Day before the United nations votes on a .-sponsored Resolution demanding Iraq withdraw from Kuwait by Jan. 15 or face possible attack House majority Leader Richard Gephardt said wednesday he opposes using Force against Iraq now. In Baghdad meanwhile iraqis Deputy foreign minister wednesday urged president Bush to open talks on restoring peace in the persian Gulf although he did not offer concessions regarding Kuwait. Iraq has called for dialogue with the United states previously but . Officials have said there is nothing to discuss As Long Iraq refuses to free All foreign hostages and withdraw unconditionally from Kuwait. Another iraqi official denied wednesday that Baghdad was preventing soviet citizens from leaving the country. On monday the soviet foreign ministry accused Baghdad of breaking a Promise to allow soviets in Iraq to leave and threatened a a tougher attitude if they were not granted Freedom. China a foreign minister Qian Lichen said in Beijing on wednesday that his country would not vote for the . Use of Force Resolution. But he refused to say whether China would veto the measure which it could do As one of five permanent members of the . Secu see sanctions on Back Page major takes Helm after Thatcher says Farewell part Maior met wednesday with m Cam Britain a youngest prime minister of saw the 1990s As a Raj decade of the most a the Century wednesday pledging to build remarkable oppor _ Ion Margaret thatchers achievements by a a to a Ort Quot Nar w fostering a a society of Queen Elizabeth ii completed majors jul year Rise from newly elected member of parliament to world Leader by inviting him to form a new government during an is Ong .norsa.hde. Est serving prime minister in this Century Piaf me to what May or to the head of Britain a Treasury said he Tion and their Good Fortune. To the near of i. J. major also suggested an influential role party major met wednesday with Michael Heseltine who initiated the Lead Lola jul also an Uuie Wuhu to Britain in the new european order in Reship Challenge that sealed Thatcher s to sex Wanho see us build a apparent contrast to Thatcher s much Fate. 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A a Cabinet of All major 47, a circus performers son who piety m which Talent their applicant Quot Uia a l,aa1 pm feb in Ftp conservative worked his Way up from welfare recipient depend upon their Talent their a Puca Post would be Given to the Man who resigned As thatchers defense Secretary in 1986 to protest her leadership style and had stalked her Ever since. Major also must decide who will be his new neighbor at 11 Downing Street which had been his Home As Chancellor of the exchequer. Norman Lamont who had been no. 2 to major at the Treasury will Likely assume the Job. Douglas Hurd was expected to stay on see major on Back Page
