scholarly journals 60 ans de Loi fondamentale, 61 ans de Deutsche Mark

2009 ◽  
pp. 31-44
Author(s):  
Hans-Helmut Kotz
Keyword(s):  
Deutsche Mark

Schröder Asserts the German National Interest, 1999–2003

2018 ◽  
Author(s):  
Ashoka Mody
Keyword(s):  
Monetary Union ◽  
Democratic Party ◽  
National Interest ◽  
Social Democratic Party ◽  
Fiscal Discipline ◽  
Political Union ◽  
Social Democratic ◽  
European Institutions ◽  
Deutsche Mark ◽  
Full Swing

This chapter discusses how Gerhard Schröder, leader of Germany's Social Democratic Party, proposed to delay the euro's birth rather than start with members who had not achieved the required fiscal discipline. Campaigning to replace Helmut Kohl as chancellor in March 1998, Schröder observed that some countries would struggle to survive the rigors of the monetary union. However, once Schröder was elected chancellor in October, his hands were tied. In April 1998, the Bundestag had already authorized Germany's shift from the deutsche mark to the euro, Germany had made commitments to its European partners, and preparation for launch of the euro was in full swing. Ultimately, the euro was born uneventfully on January 1, 1999. Schröder continued the narrative of Europe's eventual political awakening; he even called for greater European “political union.” To the contrary, Schröder quickly developed a confrontational relationship with European institutions.

“Number One in Europe”: The Startling Emergence of the Deutsche Mark, 1968–1969

2006 ◽  
Vol 39 (1) ◽  
pp. 56-78 ◽  
Author(s):  
William Glenn Gray
Keyword(s):  
Central Bank ◽  
Western Europe ◽  
Deutsche Mark ◽  
Hot Money

The dollars—and pounds, and francs—came pouring in. Speculators and small savers across Western Europe raced to exchange their currencies for the Deutsche Mark. “Hot money” flowed into Germany at astounding rates. The reserves of West Germany's central bank, the Bundesbank, shot up by DM 9.4 billion ($2.15 billion) in the first three weeks of November 1968—with DM 7.3 billion arriving in just three days of trading. Airports in Germany barred exchanges of more than one hundred francs at a time; train stations in Zurich stopped accepting French notes altogether.

Deutsche Mark Politics: Germany in the European Monetary System

2001 ◽  
Vol 24 (2) ◽  
pp. 435
Author(s):  
Christopher Hartwell ◽  
Peter Henning Loedel
Keyword(s):  
European Monetary System ◽  
European Monetary ◽  
Monetary System ◽  
Deutsche Mark
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