Britain: Sad Salute to Fact

Almost down to the last dread detail, it was the speech that had been forecast for weeks by diplomats, economists and the whole Fleet Street press corps. Still, as Prime Minister Harold Wilson rose before Parliament last week and methodically ticked off his program "to make devaluation work," the import of his words made the occasion historic. "We have come to terms with our role in the world," announced Wilson. "Our security lies fundamentally in Europe." And even the world's hardened realists, who had said it for years, seemed to cringe at Chancellor of the Exchequer Roy Jenkins' sad...

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