Europe fears surging dollar threatens economic stability
Western European governments and major international institutions fear a stronger U S dollar and high U S interest rates could trigger a new recession this year. Chancellor Helmut Schmidt called U S rates destructive and unacceptable as Europe debates plans to blunt the impact through coordinated rate relief and currency support.
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Paul Lewis
New York
Tes
Paris
Europe
United States
Helmut Schmidt
West Germany
America
West
Hans Matthofer
Op Financial
Britain
France
Japan
Salvadoran defense chief proclaims guerrillas beaten
Defense Minister Jose Guillermo Garcia says the leftist guerrillas have been smothered and that peace is improving. Fighting continues in the northeast with gun battles near Zacatecoluca San Esteban Caterina and Aracatao and an attack at Ilopango Airport wounds two soldiers. Washington debates aid and mediation as Secretary Haig seeks congressional support for 25 million in aid and 20 advisers.
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el Salvador
Washington
Reagan
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Jose Guillermo Garcia
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Aracatao
Ilopango
Air Force
Alexander M. Haig Jr
Junta
CBS News
The
Social
Britain backs Trident missile purchase in Commons vote
The House of Commons approved replacing Polaris with the U S Trident system by 316 to 248, amid Labor opposition. The $11 billion program targets late 1980s to early 1990s deployment as UK eyes an independent nuclear force. David Owen criticized the deal but backed keeping a nuclear option. Owen and other ex-Labour MPs plan a new Social Democratic Party.
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UPI
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United States
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Brezhnev promotes son and aides in Kremlin power reshuffle
Soviet leader Leonid Brezhnev boosted his son Yuri and two close aides Andrei Alexandrov-Agentov and A J Blatov to full or candidate Central Committee posts. Georgy Arbatov, head of the U S R Institute, also advanced, while Dmitri Polyansky was dropped from the committee.
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Japan
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Soviet Union
Communist Party Congress
Andrei Alexandrov-Agentov
A.J. Blatov
Congress
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U.S
Canada warns of renewed fight over fish borders
Ottawa states it could seize U S fishing boats in disputed Atlantic waters if the U S Senate does not ratify the treaty to settle the Canada United States fish war. Canadian officials describe the worst case if ratification drags, while noting no desire to alter any boundary lines.
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UPI
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U.S
Atlantic
U.S. Senate
Lanenale
New England
Tes
Peter Towe
Mark MacGuigan
U.K
Pacific
Macguigan
Pierre Trudeau
Reagan
United States
Congress
Senate
Towe
Washington
Israel rebuffs U S criticism over attack policy
Israel rejected U S commentary on its first strike policy against Palestinian bases and claimed guerrillas hold 60 Soviet-made tanks bought from Hungary in southern Lebanon. Deputy Defense Minister Zippori warned Americans not to assume quiet amid mounting Palestinian attacks as Army Chief Eitan cited Soviet T-34s in Lebanon and artillery exchanges continued along the border.
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Tel Aviv
Israel
UPI
Zippori
U.S
Lebanon
Middle East
Rafael Eitan
Littani
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