What was the European Monetary System?
A framework for exchange rate stabilization
A single European currency
A European central bank
A system for redistributing wealth in Europe
Answer
The European Monetary System, created in 1978, was a framework for stabilizing exchange rates among European countries. Helmut Schmidt was the leading force behind its creation, which aimed to foster economic cooperation and stability in Europe.
Mastermind of the West: The Helmut Schmidt Chronicles - Test Your Knowledge!
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