Cartoon by Tim on the attitude of France and the FRG towards the international monetary crisis (12–18 July 1971)

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On 12 July 1971, French cartoonist Tim (Louis Mitelberg) illustrates the blunt refusal by French President Georges Pompidou (on the left) of the plan put forward by Federal Chancellor Willy Brandt (on the right, with outstretched hand), in which he proposes to his European partners, including France, that they allow their currencies to float jointly against the dollar in an attempt to combat the effects of the international monetary crisis. The German proposal is met with a flat refusal by Georges Pompidou, who advocates a policy of fixed exchange rates and the establishment of a support mechanism for European currencies.

Source and copyright

Source: TIM (Louis Mitelberg). L'Express Paris: L'Express. 12-18.07.1971, p.15.

Copyright: (c) Mitelberg, Adagp

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Cartoon by Tim on the attitude of France and the FRG towards the international monetary crisis (12–18 July 1971)