European Monetary System

"The European Monetary System is bleeding all over the floor," said harried Paris stockbroker Franklin Craig as Swedish interest rates hit 500 percent.

Europe In Pieces 2008

In September, high German interest rates led to the collapse of the European Monetary System.

Memo To U.S.: Europe Matters 2008

She claimed to be in favour of the free market but joined the European Monetary System and controlled interest rates.

Archive 2007-12-01 2007

She claimed to be in favour of the free market but joined the European Monetary System and controlled interest rates.

'Tories love Thatcher' shock 2007

Stage one, which went into force July 1, 1990, involved the strengthening of monetary policies among member states through the existing exchange rate mechanism of the European Monetary System; stage two, which started Jan. 1, 1994, involved the creation of a European Monetary Institute; and stage three, beginning Jan. 1, 1999, involved the introduction of one single currency and the complete liberalization of banking transactions.

1988, Jan. 25 2001

Italy decided to join the European Monetary System from its proposed inauguration in 1979.

1978, March 16 2001

European Monetary System links the franc to the deutsche mark.

THE COMMANDING HEIGHTS DANIEL YERGIN 1998

BRUSSELS - A top EC official said he saw no need for a further realignment of the currency grid of the European Monetary System

ANC Daily News Briefing 1992

European Monetary System in 1992 led to a boost for British exports.

Socialist Party Main leads 2010

European governments eventually surmounted that challenge with a sustained display of political determination, backed by central bank intervention, in defending the European Monetary System.

NYT > Home Page By PAUL TAYLOR 2010