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Technology Stocks : INDONESIA'S PT TELECOM(TLK)
TLK 21.83-0.4%Dec 5 3:59 PM EST

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To: Duke who wrote (53)1/21/1998 6:31:00 PM
From: Duke  Read Replies (1) of 947
 
Rubin Defends U.S.'s Asia Role, Says No U.S. Funds Disbursed
U.S. Treasury Secretary Robert Rubin defended the U.S. and international
community's role in trying to contain Asia's financial crisis, although
he said no U.S. funds have been disbursed so far. While the Asian crisis
will inevitably lead to export losses as weakened Asian economies import
fewer U.S. goods, the best way to restore balance to U.S.-Asian trade is
to restore Asia to economic health, Rubin said. ''With support, these
countries have the best chance to restore growth, restore the capacity
to buy more of our goods and restore currency values,'' he said.
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