West Germany: Tensions of Too Much Success

Tension of Too Much Success

West Germany has become Europe's pre-eminent economic power, and the Deutsche Mark the world's strongest currency. The country's very strength, however, is now a source of tension and trouble both inside and outside Germany. Twice within seven months, a speculative rush to buy marks has weakened the finances of West Germany's al lies and roiled international monetary affairs. At home, the blessings of prosperity now threaten to turn into the pangs of inflation. What happens in Germany next will have a vital effect on all of Europe.

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