Letters: Dec. 13, 1968

Temporary Patchwork

Sir: Re your cover story on the French monetary crisis [Nov. 29]: more important, perhaps, than an overhauling of the world's monetary system is an overhauling of the nationalistic attitudes toward international economic policies. Germany refuses to revalue the Deutsche Mark, and Germans applaud the victory over France. France refuses to devalue the franc, and De Gaulle envisions the nation's return to the head of the pack. If forced to devalue. France threatens a devaluation of such magnitude as to pull down other currencies with the franc. The U.S. dogmatically upholds...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!