Beetling behind a big red fan of beard, Denmark's huge Social Democratic Premier Thorvald A. M. Stauning has sailed his little country handsomely, since the spring of 1929, through fair weather & foul. Most ticklish stretch came after Britain, to whom Danish farmers sell most of their eggs and butter, cheapened the pound (TIME, Sept. 28, 1931). Premier Stauning sensibly cheapened Denmark's krone proportionately in step with the pound. Results were so good that thrifty Danish exporters of dairy products began to think results would be better if the krone were devalued...
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