Word: lira
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When Haldeman advised the President that Britain had decided to let the pound float, and that the Italian lira was also in serious trouble, Nixon displayed remarkable casualness...
...Burns is concerned about speculation about the lira...
...Well, I don't give a (expletive deleted) about the lira...
...Nixon's] authority disappeared, and we knew his position would crumble anyway." The final fading of Nixon's presidential magic came with the release of last week's tapes, particularly the one in which Nixon said, "I don't give a (expletive deleted) about the lira." That, said the London Times, told all about "Mr. Nixon's attitude and order of priorities...
Rumor's remedies are too new for soundings yet on their efficacy. But tight money (even state industries are happy to pay 24% interest) inside Italy has already bolstered the lira by forcing Italians to repatriate some of the estimated $16 billion they have sent out of the country for safekeeping in the past decade. International bankers at this point believe that the government's emergency measures are tough enough for Italy to squeak through its current economic crisis...