Word: germanizing
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Dates: during 1940-1949
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...split between the Allies was caused by French and British fear of German competition in export markets if the mark were devalued. François-Poncet argued with a straight face that he did not want the German people to lose faith in their money. Robertson, perhaps even more afraid of Germany's competitive potential, sat snug as François-Poncet carried the ball...
McCloy said he would settle for a mark pegged anywhere between 20? and 24?. After fevered cabling to their capitals, the French and British suggested 27?. McCloy beat the British down to 24?. Then the French proposed two conditions: 1) ending German subsidies that made for export dumping below cost, 2) freezing the price of exported German coal at the pre-devaluation rate. If Germany insisted on raising the export price of coal, then, François-Poncet insisted, the price of inland coal in Germany must also be raised; this would make Germany's steel and other fabricated...
...Careful Now." To the Bundestag next day, Adenauer read the Allies' communique. He passed lightly over the 23.8? decision with the remark that it did not do justice to the "rightful interests of the German economy." He also passed over the anti-dumping clause and the freezing of the price of export coal. But when he came to inland coal, he was sure and stern: ". . . The price of coal would have to be increased 25% ... We will under no circumstances adopt this measure. I say this explicitly in the name of the federal government, so that any unrest...
...delegates recessed, a buzz of dismay filled the halls. Most disquieting was the shadow that had fallen over the supposedly generous Occupation Statute. Was the new German government going to be only a puppet, as the Reds charged...
...high commissioners forthwith did their best to repair the damage; they conceded the force of Adenauer's firm but tactful outlining of the German reaction. It was agreed that Adenauer should announce the 23.8? mark rate, with no conditions attached; then the coal problem would be handed over to a German-Allied committee...