Word: lahnstein
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...intervention to keep exchange rates fairly stable-so that they would not need to raise their interest rates to protect their currencies. But they viewed it as a substantial concession, since the U.S. had long objected to intervention out of free-market principle. Said West German Finance Minister Manfred Lahnstein: "The U.S. has adopted a different philosophy." Regan denied that, and it remains to be seen whether the U.S. interpretation of what justifies intervention will satisfy the other countries...
...Bonn's reaction to the Federal Republic's latest espionage scandal. In the past two weeks, six West German secretaries of high-ranking officials have been accused of spying for East Germany. The most recent suspect is Helga Rödiger, 44, who worked for Manfred Lahnstein, state secretary in the Finance Ministry and Bonn's top expert on monetary affairs. Last week, after she failed to show up for work, agents of the Bundesamt für Verfassungsschutz, West Germany's equivalent of the FBI, discovered that she had fled with all her belongings...
...announced that U.S. and West German officials were negotiating a package of dollar-support measures, leading money traders to think that something big was coming. The negotiations were conducted by transatlantic telephone calls, mostly between Treasury Under Secretary Anthony Solomon, a reserved, pipe-smoking, self-made millionaire, and Manfred Lahnstein, State Secretary of the West German Finance Ministry, who is one of Bonn's fastest rising whiz kids...
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