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!