STOLTENBERG SAYS BAKER MEETING UNDERSCORES ACCORD
West German Finance minister Gerhard
Stoltenberg said the meeting on Monday with U.S. Treasury
Secretary James Baker underscored the determination of the U.S.
And West Germany to continue close cooperation to stabilise
foreign exchange rates.
    Stoltenberg told a news conference "The statement released
yesterday (Monday) after the private meeting .... Emphasized
our determination to continue the close economic cooperation
regarding foreign exchange stabilization and monetary policy."
    Stoltenberg said that he, Baker and Bundesbank President
Karl Otto Poehl had a very constructive discussion and had all
reached a positive evaluation of the Louvre accord during their
meeting on Monday.
    Stoltenberg said initial contacts with several European
counterparts showed that they shared this view. "We expect the
declaration of our unified position to have a positive effect,"
he said.
    He noted that the dollar firmed again in late U.S. Trading
after the outcome of the Baker meeting was published.
 REUTER
