The tunnel
The tunnel
The tunnel
TextThe Tunnel
Communiqué from the 'Group of Ten' (Washington, 18 December 1971)
TextOn 18 December 1971, the 'Group of Ten' publishes a communiqué detailing the main monetary measures approved by the Ministers and the Governors of the Central Banks of the ten countries participating in the General Agreements to Borrow, in Washington.
Interview with Valéry Giscard d’Estaing on ORTF (19 December 1971)
TextOn 19 December 1971, on his return from the ‘Group of Ten’ Summit, Valéry Giscard d’Estaing, French Economy and Finance Minister, gives an interview to ORTF (French Radio and Television Office) during which he shares his impressions of the results of the Washington meeting.
'Leaping the monetary abyss' from the (20 December 1971)
Text On 20 December 1971, German newspaper welcomes the agreements concluded at the Smithsonian Institute which, in particular, make provision for the realignment of the currencies of the industrialised countries and the adaptation of the system of currency fluctuation margins.
Statement by Karl Schiller to the Bundestag on the international monetary crisis (19 January 1972)
TextOn 19 January 1972 in a speech to the Bundestag, German Finance Minister, Karl Schiller, lists the main outcomes of the Summit of the Ten in Washington and outlines the Federal Republic of Germany's monetary policy.
'The end of the tunnel', from 30 jours d'Europe (January 1972)
TextIn January 1972, in the monthly publication 30 jours d'Europe, journalist, Philippe Heymann, reviews the many events that had an impact on the economy in 1971.
'The Pompidou-Brandt agreement relaunches the European currency', from Corriere della Sera (18 February 1972)
TextOn 18 February 1972, the Italian daily newspaper Corriere della Sera lists the new measures put forward by the German Chancellor, Willy Brandt, and the French President, Georges Pompidou, in order to combat the monetary crisis currently affecting Europe.