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What major European economic initiative did Helmut Schmidt help create in 1978?

  • European Monetary System

  • European Central Bank

  • European Investment Bank

  • European Stability Mechanism

Answer

In 1978, Helmut Schmidt was a driving force behind the creation of the European Monetary System, an initiative aimed at stabilizing exchange rates and fostering economic cooperation among European countries.
Mastermind of the West: The Helmut Schmidt Chronicles - Test Your Knowledge!

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