For the first time Germany--the country that gave up its trusted deutschemark
and independent Bundesbank--was defeated on the most important issue so far before the Council.
British Prime Minister Major's discomfort in being forced off the link with the old Deutschemark
had the silver lining of improved competitiveness, but the position has been more than reversed since the advent of his successor, Tony Blair (mainly though not entirely through appreciation of the pound sterling).
It would not be a matter of putting francs, lira, deutschemark
and pesetas in separate compartments in my purse.
The following day, the Turkish lira devalued some 30 per cent against the dollar and Deutschemark
THE German car giant BMW isn't short of a deutschemark
In reality, it's little more than a new name for the Deutschemark
or French franc.
The Snake continued until 1978, but by then it was essentially a deutschemark
bloc, comprised of Germany, the Benelux countries and the three Scandinavians.
The world today is dominated by three currencies: the dollar, the deutschemark
, and the yen.
I'll bet my bottom deutschemark
that immer schlimmer makes its way back to the jury room.
In January 1984 the International Monetary Market (IMM), a division of the Chicago Mercantile Exchange (CME), introduced options on Deutschemark
Because they see it as the only practical alternative to a de facto Deutschemark
The West German government introduced the Deutschemark
at a one-to-one parity with the East German mark on July 1, 1990 instead of a much higher 5-to-1 market rate.
Although the weaker euro has been a blessing for Germany's exporters, a poll this week by leading tabloid Bild showed every other German wanted the deutschemark
back, a symbol that stood like no other for the post-war "economic miracle".
Former German Chancellor Helmut Schmidt used to assert correctly that the deutschemark
, the world's second leading currency for most of the postwar period, could never rival the dollar because "West Germany was the size of Oregon.
The first, the decision to exchange the near-worthless Ostmark with the Deutschemark
at a rate of one-for-one, was followed by an entry rate into the euro that left its corporate sector gasping for breath and clamouring for lower interest rates.