Introduction of monetary compensatory amounts (28 October 1969)
Image On 28 October 1969, following the devaluation of the French franc, the Finance Ministers of the Six review, in particular, the effect of the first monetary compensatory amounts (MCAs) designed to support German farmers suffering from the high value of the German mark. From left to right: Emilio Colombo, Pierre Werner and Valéry Giscard d’Estaing.
Source and copyright
Source: Réunion des ministres des "Six" à Luxembourg. Luxembourg: Keystone, 1969. Noir et blanc.
Copyright: (c) Keystone
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