University Daily Kansan, March 26, 1982
Page 3
Poland not alone in guilt Blame for debt widespread
By DEBBIE DOUGLASS Staff Reporter
U. S. bankers are holding all Eastern European countries responsible for debts held by individual Eastern European countries, especially Poland, according to Lawrence Brainard, senior vice president of Bankers Trust in New York.
Brainard spoke yesterday at the U.S. Business and Economic Conference in eastern Europe conference, which is continuing today in the Kansas Union.
"WE TAKE the viewpoint that our leverage on the Poles is improved by treating Eastern Europe as a bloc," Brainard said, "by telling the Irish that we are interested in the Polish policy not solved, then it will hurt them."
He said that Poland owed U.S. banks $1 billion a year in interest alone on its $7.5 billion debt.
Poland has defaulted on its loans from the West, Brainard said, and there are two ways for U.S. banks to handle the situation.
One way, he said, was by using attachments, or court orders that could tie up the assets of a country and force a settlement by preventing
But that way would not succeed, Brainard said, because it would result in a brief breakdown of U.S. and Eastern European banks.
"It would be cutting our own throats,"he said.
The other way is for banks to continue to pressure Poland to make its interest payments, he said.
So far, he said, Poland had paid the interest.
"I DON'T KNOW where they got the money. All I know is we got our payments," Brainard said.
He said that part of the interest possibly came from money saved by not importing as much.
not importing soybeans. He said that Poland's imports had declined 50 percent, while its exports had declined only 10 percent.
It is also possible, he said, that they borrowed money from other countries.
Brainard said that if U.S. banks did not remind other Eastern European countries that they were responsible for Poland's debt, the countries would turn back the backers on Poland and the bankers would never get their money back.
"I know there are many political ramifications involved, but it is not our role to make foreign policies," be said.
Leslie Dienes, KUV professor of geography and Soviet and East European studies, said he could see Brainard's point in that U.S. banks did need a unified policy toward Eastern Europe.
he said.
"IF BANKS didn't treat Eastern Europe as a bloc, then what leverage we would have?"
And, he said, they might be able to get the Soviet Union to help more with Poland's debt.
"But I don't know that such aid would last very long, because I don't think Eastern Europe can continue
to pay the high interest without structure changes," Dienes said.
He said that to expect Eastern Europe, as a whole, to change its economic structure was unrealistic.
In these countries have a history of strong animosities among themselves, Dienes said, and they are not likely to cooperate with one another.
DIENES SAID neither the U.S. government nor U.S. banks could force Eastern Europe to reform economically.
The countries have to be dealt with individually, with rewards for reform instead of penalties for the lack of education in Eastern European countries, he said.
Brainard he realized that the banks' policy on Eastern European loans did affect the economies of the countries, but 'there is really no reason to do that.'
"It is the price Eastern Europe has to pay to keep the door open for the international borrowing of Western capital."
western europa Brainard said that no new credit was being given to Eastern Europe.
And, he said, statistics on foreign lending from American banks to Eastern Europe showed that lending this year was down to $8 billion from $10 billion.
There aren't going to be any more low interest rates, Brainard said, because the economic environment was different from that of the "70s.
"The interest rates will be high, which means bankers will have the time to build projects that have high rates of return and short payback periods," he said.
The University of Kansas Chamber Music Series Presents Two Different Programs by
Karl Kraber, Flute
Gerard Reuter, Ooboe
Jerry Kirkbride, Clarinet
Jane Taylor, Bassoon
David Jolley, French Horn
3:30 p.m. Sunday, March 28 with pianist Richard Reber and 8:00 p.m. Monday, March 29, 1982 with pianist Rita Sloan, in Swarthout Recital Hall.
Tickets on sale in the Murphy Hall Box Office. All seats general admission. Student and senior citizen discounts available. For reservations, call 913-864-3982.
The Dorian Wind Quintet
"Chamber Music as it was meant to be heard...
Los Angeles Times
one of chamber music's most sparkling and eloquent ensembles." *Time Magazine*
WELCOME BACK SPRING BREAKERS FROM W.C. FRANK
Senate looking for staff replacements
By ANN LOWRY Staff Reporter
Student Senate will begin advertising next week for applicants to replace two staff members who plan to resign, the student body president, said yesterday.
Brant Tildwil, administrative assistant, and Joe Robb, executive treasurer, are both planning to quit before the end of term end. because they are graduating.
The two replacements will have to learn the ropes quickly to close the books for the fiscal year ending in June.
ADKINS SAID that last fall, when he appointed the Senate's office staff, he did not take applications because he knew people who were qualified for the jobs. Some members of the Senate objected to this, calling Adkins discriminatory and threatening to question him before the Senate.
"Every day, something different—buses to health services and insurance. It is an incredible jumble-jumble of all sorts of things." Tidwell said.
However, Adkins said his decision to take applications and conduct interviews this time was based upon his knowledge of available applicants.
"There will be those, I'm sure, who think I have someone in mind for these jobs, but I honestly don't. That's why I'm a little bit concerned." Adkins *says*
Tidwell said his job consisted of training student organizations' treasurers, administering student groups' payrolls, working with administrators as a laiison for the Senate and taking care of all Senate billings.
"It is not in reaction to any critics, expressed informally or in the press."
Adkins said the advertisements would run through April 9. He will conduct interviews, along with David Welch, student body vice president, and a "neutral" person such as the office secretary, April 12-16. The names of two new staff members will be announced by May 1.
Robb said he had intended to continue his duties as treasurer while he attended law school at KU, but after talking to him, he decided the he would not have time for both.
Both will receive $250 a month, Adkins said.
Tidwell has been the Senate's administrative assistant since Greg Schnacke, former student body president, appointed him in 1800.
"IT'S NAT. It's fun sitting here, watching the political games and not being part of it," he said, learing back into a chilly silence. The Senate office through his window.
Outgoing treasurer Robb said, "I urged David in my letter of resignation to get someone in here who at least has some knowledge of accounting and
ADKINS SAID the position of treasurer might best be filled by someone who had some experience in the Senate, but that he hoped he would also receive applications from people outside the Senate for the jobs
Adkins said he would also look for individuals who had the patience to deal with people such as foreign students and refugees, who are not students who do not understand the Senate.
between budget hearings, StudEx
Robb said that although his job had
been a time-consuming as a "normal,
devil worker," he felt much better.
and Senate meetings—if you're gonna do the job conscientiously, you go."
Adkins said, "Brant has been very much a factor of consistency in the office." He said he would like to find a fairly young student who might want to continue in the position for several years.
"I'm looking for someone who can support me as an office staff member and what we're trying to accomplish," Adkins said.
DOMINO'S PIZZA Weekend Special!
1445 W. 23rd St.
Phone 841-7900
610 Florida
Phone 841-8002
Good on Friday.
Saturday or Sunday only.
Take a coupon toward
this holiday dining
weekend.
Plus get 2 free cups of Pepsi with any pizza purchase. No coupon necessary. Just ask.
Hours
4:30 - 1:00 Sun - Thurs
4:30 - 2:00 Fri & Sat
Our drivers carry less
than $10.00
Limited delivery area
We use only 100% real dairy cheese.
1984 Dairy Council.
Let the Kansan Classified Ad's work for you.Call 864-4358
MEN'S SPRING FORMAL RUSH
WHEN: April 2, 3, and 4
HOW TO REGISTER: Return the form below either by mail or in person to the Interfraternity Council office (120 B Kansas Union)
A $10 registration fee must accompany your registration form. Registration forms will also be available in the IFC office.
LAST DAY TO REGISTER: Wednesday. March 31
Interfraternity Council
Spring Formal Rush - 1982
Registration Form
Name: ___
Address: ___
Phone:
Please mail or deliver this registration form, with the $10.00 registration fee, to The Office of the Interfraternity Council, 120B Kansas Union, University of Kansas, Lawrence, Kansas, 66045.
Spring Formal Rush, 1982 will begin on Friday, April 2, 1982 at 5:00 p.m. in Wescoe Auditorium, Room 3139. For additional information please contact the Interfraternity Council, 120B Kansas Union, 913/864-3559.
NOTICE: There will be an informal, informational meeting on Tuesday, March 30, at 7 p.m. in the main conference room of the Satellite Union. It is not mandatory to attend this meeting to go through rush, but it will answer any questions that you may have about Formal Rush. Also, you may register at this meeting.
- Sponsored by the Interfraternity Council and its member fraternities.
---