Word: pounded
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Dates: during 1960-1969
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...helped calm Continental fears about the strength of sterling by paying off his massive loans on schedule. In Luxembourg he even went so far as to pledge that Britain would not ask other Market members to come to the rescue in case of another run on the pound, even though the Common Market treaty provides for such mutual assistance...
Contradictions. That seems highly unlikely, but Wilson made the extreme threat because he needed a solid base of support if he hoped to push through his current European policies, which are somewhat contradictory. One contradiction is evident in Wilson's talk about the state of the British pound. Is it strong or weak? Wilson seemed to want it both ways...
...tripartite British-German-U.S. talks in London on the question of Anglo-American forces in West Germany, Wilson's representative argued that Britain's pound and balance-of-payments position were so strained that the government would have to slash its 55,000-man British Army of the Rhine by two-thirds unless the West Germans helped to offset its foreign-exchange costs of $250 million a year. But also last week Wilson jetted to The Hague on his fifth mission to Common Market countries and reiterated a now familiar theme. His argument: the pound has become...
...seem to regard Britain's entry as inevitable-but not likely to take place until 1971 or later. The price of admission is certain to be designed to reduce Britain's international influence. For example, the French are expected to insist that Britain gradually withdraw the pound from its position as a world-reserve currency. Wilson is not likely to balk at such suggestions because leading Britain into the Common Market would offset his failures on other fronts...
...million compacts sold in the U.S. last year. Getting the new campaign off to a start, Chapin pointed out that the Rambler is not only bigger (six v. four passengers) and more powerful (128 h.p. v. 53 h.p.), but, "in terms familiar to every housewife, costs only 69? a pound compared to more than 90? for the Volkswagen...