Kohl Prepares Germany to Be Quick off Mark; German Opposition to European Monetary Union Appears Hesitant

The Birmingham Post (England), February 14, 1998 | Go to article overview

Kohl Prepares Germany to Be Quick off Mark; German Opposition to European Monetary Union Appears Hesitant


It's hard to say goodbye to a trusted friend after 50 years, but that is what Chancellor Helmut Kohl is adamant Germans will do to the deutschemark.

From beer gardens to university libraries, Germans complain about losing the totem of their post-war economic stability.

Mr Kohl, even in an election year, is not prepared to listen.

The West's elder statesman has staked his place in history on bringing in Europe's single currency - the euro - next year, and he will not allow a damaging debate to break out.

Mr Kohl brushed aside a warning this week by 155 economics professors that Germany was not ready to couple its high-tax, high-wage economy to economies with lower pay costs and more flexible labour markets.

He similarly shrugged off an opinion poll last month which showed up to 71 per cent of Germans feared losing their strong mark - a throwback to two bouts of hyperinflation that scarred the country earlier this century.

In the 1920s, lifetime savings were wiped out when the currency was so debased the simplest wares cost millions of marks. In 1948, the new Federal Bank replaced the worthless Reichsmark with the deutschemark.

"The euro is in Germany's interest", Mr Kohl emphasised after a letter by the academics was published this week.

Four of the professors have also petitioned Germany's Constitutional Court to block the euro.

Members of Mr Kohl's centre-right coalition and the leftist opposition Social Democrats (SPD) quickly rallied round the euro, demonstrating the broad consensus existing in parliament for a single currency, despite what voters might tell pollsters.

"The letter accurately reflects the widespread scepticism among German economists about economic and monetary union," said economist Mr Jan Hatzius of Goldman Sachs in Frankfurt. "It also mirrors the public mood."

Eurosceptics, however, have failed to turn vague public unease about the mark being "weakened" by currencies like the lira or peseta into a driving anti-euro force.

When the jobless took to the streets last week against record post-war unemployment of nearly five million, hardly anyone carried a banner against the euro. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Kohl Prepares Germany to Be Quick off Mark; German Opposition to European Monetary Union Appears Hesitant
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.