Discussion between UK and Germany on Germany's proposal for tax changes; Debate among finance ministers and central bankers on the international financial crisis and on the future of the German mark and the French franc; Pressure on the reserve currencies: the dollar and the sterling; Devaluation of the franc; Changes of parity affecting Britain; France-Germany negotiations on exchange markets and reserve losses; Dropping of the Bank of France’s foreign currency reserves; Bonn meetings on the financial crisis; Tax and credit measures in Britain; Failure of the European Economic Community to cooperate in the monetary field; Agreement of the 10 Finance Ministers to restore confidence and hurt speculators; Refusal of France to devaluate the franc.

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