— —~ W^ -Cil'CSM fefomedUte Italian banks 1 Why U friends . ofthe Is there a doctor Pyromaniacsin a US ^ The second fJ have bigdoubts ssLl. on djiepcreen? •'• , mdtchfrctory revolution 12 ’ Pag*© '• .1^0*18". Survey, separata MWII FINANCIAL TIMES ^<rc', y| 6,eTs\' 8 Usi r >egs^y e(yspa per TUESDAY JUNE 29 1993 •life- Boeing to improve Christopherson seek to replace Attali at 737 jets to meet may EBRD Airbus BV Robert Peston in London, expressed interest in the position. dream", he said. It was mine, It is become the first member of Mr allow more time for the selection may formally recommend to Mrs challenge Hugh Camegy in Stockholm and Mr Tybjerg gave fellow directors now yours." Attali's inner circle to resign. of a permanent replacement for Wibble that she appoint him.” Davkl Buchan in Paris copies of Mr Christophersen's A quotation from an “ancient Mr Christophersen is one of a Mr Attali according to Swedish Boeing, US aircraft Mr de Neergaard's appointment manufacturer, is expected curriculum vitae. Persian poet” ended the speech: number of possible candidates to officiate to offer airlines would be resisted by the bank's a new family of improved 737 Christophersen, MR Henning the Meanwhile, Mr Attali, who said ‘“An angel at night whispered to replace Mr Attali However, Dr Such a temporary appointment, executives, airliners to challenge the European many of whom are Airbus consor- European Community economics an Friday that he would resign as me in the wind and told me there Onno Ending, the former Dutch which is also supported by many tium's twin-engine aircraft lobbying for Mr Mario Sarcinelli, range. commissioner, is expected to soon as successor is found, yes- is no such as candi- of directors, a thing an angel finance minister whose the bank’s could the head of development bank- The Boeing board was in meeting Seattle to become the first formal candidate terday made an emotional fare- whispering to you in the wind’. It dacy would be supported by sev- take place in the next few days. consider giving ing, or Mr Ron Freeman, head of the go-ahead for an improved to replace Mr Jacques well to Attali as a meeting of 400 EBRD is up to you now to listen very eral governments, has toJd col- The bank's 23 directors, who rep- merchant hanking. family of 737 jets. More than 3,000 of the existing president or the European Bank employees. carefully and you win hear the leagues in Citicorp, where he is a resent the countries and agencies 737 jets have been ordered, making Wibble plans to discuss the it the world’s for Reconstruction and Develop- He did not mention his resigna- angel. It exists.” vice-chairman, that he is not which own the bank, are likely to Mrs best-selling jet Page succession issue with her two 14 ment. tion in the short speech, but he It also emerged yesterday that interested In joining the EBRD. call an emergency meeting to dis- The Danish vice-chairmen, the finance minis- US warns Tokyo: The told EBRD’s director, urged the staff to share his Mr Attali's personal assistant, Mr The chairman of the bank’s cuss the succession. US has Japan their ters Slovenia, Mr Lars Tybjerg, yesterday told dream of creating a peaceful Franpols Olive, respon- governors, Anne Wtbble, the of us believe the ideal of Japan and on economic relationship could become increasingly who was Mrs “Many July 6. Mrs Wibble will also dis- strained unless Tokyo his fellow board members that Europe in which the bank would sible for all his travel arrange- Swedish finance minister, is candidate as interim president is responds to Washington’s cuss sensitive issue sever- Mr Christophersen, a former Dan- “create joint ventures appoint- Neergaard Swedish the of proposals for a framework for further jobs and ments and was recruited from likely to press for the Claes de [the detailed ance terms for Mr Attali ish finance minister, had for all ... “Maybe this is only a the French interior ministry, has ment of an interim president, to director]," said a director. “We trade talks. Page 5; Action on surplus ’would stoke inflation’, Page 4 & EC emissions regime tightened: New Poll shows Clinton decision to bomb Iraq backed by two-thirds of the public passenger vans and light goods vehicles in the Balladur European Community will have to be fitted with catalytic converters from next year, environment ministers decided. Page 14 wins small Sterling strengthens against D-Mark ‘warning’ terrorists Sterling to performed attack ... US strongly against the business D-Mark In London Against the DM (DM per Q By Jurak Martin in Washington, yesterday, rising 27« 2^6 James Whittington in Baghdad pfennigs amid sugges- and Alison Smith in London backingsin tions from some analysts that the pound could PRESIDENT BUI Clinton said be one of the strongest yesterday that the weekend US jobs fight performers on the missile strike on Baghdad was currency markets in intended as a warning, not only By David Buchan in Paris the next three months. to Iraq but to all governments The pound closed at which fostered terrorism. THE French, prime minis ter, Mr DM2.5375 against the Mr Clinton said he had been Edouard Balladur, has enlisted D-Mark, and was also I Jan 1093 Jure advised that Iraqi intelligence the snwH business sector in his * strong against the SouckFT GiapNts capacity in Baghdad, target of fight to cut unemployment, but dollar, closing at $1,493 the raid, had been crippled. The at the cost of handing out yet from a previous $1,478. Currencies, Page 34 US claims that a plan to assassi- another tax break and of pledg- Afrikaner land ruling: South Africa's nate former President George ing to curb the expansion of constitutional negotiators are today expected Bush in Kuwait in April had supermarkets. to decide whether to grant the Conservative party’s been drawn up In the Iraqi intel- The CGPME small business demand for Afrikaner self-determination. Page 4 ligence headquarters. federation promised Mr Baliadur One side of the main 10-storey at the weekend that its members Italian wage accord elusive: Talks between block has virtually collapsed and would try to hire 200,000 more Italy's employers and unions on a new wage bar- the adjoining six-storey building young people this autumn. Such gaining system ran into difficulties with employers had most of its roof blown away. numerical promises are music to determined to get a favourable agreement. Page 2 But the nearby communications the ears of the prime minister, foiled to get Hzetbegovlc under pressure: Members of tower was unscathed. who the Patronat federation commit Bosnia's presidency will try this week to persuade Foreign diplomats in Baghdad employers' to similar target. their head, Alija Izetbegovic, to rejoin negotiations said yesterday there was deepen- itself to a return, Balladur raised on the latest Serbian-Craatian peace plan for ing despair in the population, In Mr , the - from Bosnia. Page Z. who had boped that Mr Clinton's amount FFr15,000 arrival in the White House might ($3,700) to FFr20.000 - people can Bonn urged to tell truth: Tyll Necker. bring a change in US attitudes put into tax-free savings accounts president of the BDI federal industry association, and an easing of sanctions. for banks to lend to small busi- said the German government must tell “the unvar- Although the missile attack nesses. and asked banks to lower nished truth” and set out dear targets to help had come as a shock to most the interest rate, from 8.75 per break the downward economic spiral. Page 2 Iraqis, it may not have surprised cent to 825 per cent, they charge the regime. US reconnaissance on these loans. This would make Oilfield talks suspended: Talks on a $9bn aircraft bad been seen over Bash- Some of the 14 defendants accused of plotting to kill former US president George Bush on trial in Kuwait’s state security court an extra FFrlObn in subsidised development project for three oilfields in the dad for the two days preceding loans available to small busi- Azerbaijan sector of the Caspian Sea have been the attack, and some retaliation arrest the sheikh, partly on the matters,” specifically his domes- In an emergency statement to nesses, Mr Balladur said. suspended following political upheaval in the bad been expected following the grounds of questionable evidence tic economic agenda and prepa- the House of Commons, Mr Hurd The big commercial banks republic, British Petroleum said. Page 2; Wary allegations of Iraqi complicity in Baghdad pessimism Page 4 against him and partly because ration for next week's summit in came under fire from MPs from have said they will cut their base oil industry, Page 6 the plot to kill Mr Bush. UK support attacked Page 6 he was felt to be more useful at Tokyo of the Group of Seven the opposition Labour party who rate further on Thursday to 8.4 Closure of US bases sought Charleston Vice-president A1 Gore, in a Sad about Unde San Page 12 liberty as a source of information leading economic nations. declared that the action should per cent. But small businesses naval station and shipyard. South Carolina, Ala- television interview amplifying on Islamic terrorism. In Britain Mr Douglas Hurd, not have had the badting of the generally have to pay much meda naval air station and Mare Island shipyard Mr Clinton's general warning, One official was quoted as say- the foreign secretary, was forced UK.