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François Mitterrand's effort at the start of the 1980s to pursue an expansionary economic policy ended in humiliation when Helmut Kohl made fiscal rigour the price of the franc's continued place in the European exchange rate system.

The obvious answer to that being "we don't need no stinking exchange rate system."

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Dec 9th, 2011 at 05:58:57 AM EST
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