European Stars and Stripes (Newspaper) - June 25, 1991, Darmstadt, Hesse Dollar drops to prompt action by g-7 from wire reports London a the Dollar fell in Europe on monday hit by profit taking after the . Currency failed to Spur intervention by the group of seven Central Banks. Gold prices tumbled More than $5 an ounce. Dealers on foreign exchanges said investors took profits after the Dollar failed to Rise strongly to test whether the group of. Seven nation see conversion rates on Page 17 would intervene to Cap the dollars gains. European markets failed to bring the Dollar up after asian markets bid the currency higher. However dealers said a test of g-7 resolve still was Likely. After a meeting in London on sunday finance officials of the United states Britain Canada Italy Germany France and Japan issued a statement that the Market interpreted As a Loose agreement to curb the dollars gains. A the statement said the countries would jointly intervene in the markets a if dealers said the Dollar also was Hurt monday by fears. See Dollar on Page 10confident Sununu plans to keep Job Washington apr John Sununu the embattled White House chief of staff said monday that he has no plans to step Down because of the controversy Over his travel habits and vowed to retain his Job at least into a second Bush term. Sununu said he was not disturbed about the continuing Flap. A look in be been in Washington for a while now to realize that its All part of the process its part of being chief of staff a Sununu told reporters. President Bush who had Given a thumbs up sign on sunday when asked about his aides Fate refused monday to answer questions on Sununu while boarding a helicopter for an Early morning trip to nearby bathes a md., where Bush was giving a speech. But Sununu discussed the controversy briefly with reporters before and after a speech he delivered to a business group in Arlington a. Asked if he thought he could last through Bush a first term an a contrite Sununu said a i intend to get the presidents Agenda done and help him get re elected and finish up after his second term Sununu had expressed regret in a saturday statement for errors he made in arranging recent trips. The White House Over the weekend slapped new trave see Sununu on Page 10pinatubo wedding memories president Bush returning from a weekend Outing at Camp David on sunday gives the thumbs up sign that he will retain chief of staff John makers fire off salvos of postwar ads Washington a the guns of the persian Gulf War have gone silent but the companies that supplied them Haven to. Defense contractors Are shouting the successes of their High technology weapons in a postwar advertising Blitz and the themes Are remarkably similar our tools of War did so Well in the Gulf surely you la want to buy our new improved versions. A now this Star of desert storm is ready to dish it out in even bigger doses a Mcdonnell Douglas corp. Boasts in an and for its f/a-18, an attack plane that the Navy and Marine corps used to Pound ground targets in Kuwait and Iraq. The company is producing an had varied version with longer Range and More firepower. A Mission accomplished a trumpets a Litton and that ticks off eight ways in which its products helped win the War. It says 80 percent of . Combat aircraft had lit ton built inertial navigation and radar warning systems a which contributed to the lowest aircraft combat attrition rates of any major a Battle proven a declares a double Page and for Westinghouse corp. Radars. Operation desert storm the .-led offensive that crushed iraqis occupying army in Kuwait was a live Laboratory for Many High tech weapons. So with Western defense budgets shrinking its not surprising that see arms on Page 10 Lee sigsworth a British citizen and his Bride Laura Lyn de Leon walk Down a debris filled aisle during their wedding ceremony sunday in Olon Gapo Philippines. The churches roof has caved in from the weight of volcanic Ash spewed by mount Pinatubo. The Volcano blasted Ash More than six Miles High monday and about 124 volcanic quakes were recorded during the past 24 hours. See Story and photo on Page 3. See special insert
