Word: benelux
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...order to stimulate exports at the expense of Britain's trading partners-a charge that British Chancellor of the Exchequer Denis Healey denied. Fourcade also made a last-ditch attempt to keep the franc in the so-called European snake -an arrangement that bound France, West Germany, the Benelux countries, Sweden, Norway and Denmark to hold their currencies within a 4.5% range of fluctuation against each other. Fourcade proposed that the permitted variation be widened slightly, allowing the franc to drift gently down and the mark and Dutch guilder to bob up a bit. West Germany agreed...
...snake-so named because of the way its currencies wiggle together against outsiders' money -includes the Benelux and Scandinavian countries along with West Germany. France, a charter member when the snake was formed in 1972, dropped out early last year...
Well Aware. In answer, pro-EEC British economists argue that participation in the Common Market cushions all its members against radical hikes in the price of staples. They point out that inflation last year in food prices was lower in France, Germany, Italy and the Benelux nations than it was in Japan, the U.S. or Britain. British prices would have been even lower, they say, had the United Kingdom been entitled to the full protection guaranteed by membership that it will gain...
...president of Philips' Glo-eilampenfabrieken, asserted: "We in The Netherlands are free traders. As far as the Japanese penetration of Europe is concerned, I would like to point out that it is the excessive scale on which Japanese imports are increasing that constitutes a threat to employment. The Benelux governments are advocates of greater freedom for imports of European products into Japan itself." Folke Lindskog, chairman of Svenska Kullagerfabriken (S.K.F.), emphasized that "the Japanese protect their home market. They are reluctant to allow us to establish ourselves as manufacturers in Japan, although they are free to establish 100% ownership...
...rest of Europe insists on remembering all too clearly who it was that cheered for Hitler in World War II. The Benelux countries in particular are vehemently opposed to letting Spain into the Common Market club, so long as it is ruled by Franco or anyone like him. On the other hand, Western Europe hopes to influence the Soviet Union and Eastern Europe in the direction of liberalism, with a policy of "Wandel dutch annäherung," or "change through drawing nearer," as West German Chancellor Willy Brandt puts it. That same policy might equally and more profitably be applied...