Word: maintains
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Dates: during 1960-1969
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WELL, he did it again. Everyone, including his Finance Minister, thought Charles DeGaulle would finally be forced to devalue the franc. It was sheer economic idiocy to assume that France could possibly maintain the parity of the franc. So of course Le Grand Charles refused to devalue...
...fact, the franc's plight was perhaps more a result of the strength of the Deutsche Mark than any weakness of its own. West Germany has been running large balance of payments surpluses regularly and has been regularly forced to sell marks to maintain the parity of four marks to the dollar. The mark is certainly under-valued, out the Kiesinger government is understandably reluctant to revalue upwards. To do so would make German goods more expensive on the world market and undercut the prosperity West Germans have been enjoying for the past two years--and it would...
...prompt revaluation of the mark, but the Germans played coy with the money markets, issuing occasional pronouncements to the general effect that everyone should ignore the speculation and it would finally go away. They knew it was costing the French $800 million in gold per day to maintain the parity of the franc--and they loved...
...Radcliffe had unlimited money to squander, its only error in building the coffee shops would be in trying to maintain a status quo that few students want maintained. But when more important fiscal needs cry ou for solution, the building plans are not merely unnecessary but disastrous...
...Lindbergh complained, now suffers from an "inability to choose the better from the worse in fundamental values." Let us, he pleaded, "agree to preserve some of the natural environment that formed us. It holds the wisdom to which our tyranny of intellect must turn if we are to maintain the balanced qualities essential to survival...