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Soaring Inflation Threatens in Europe
European currency markets trembled as the dollar surged against the mark guilder and franc amid calls to free the mark. Bank of England intervention kept rates from crossing the threshold while gold rose on fears of widening monetary strain. West Germany and France faced large reserves shifts as inflation and deficits drive steady capital outflows.
MENTIONED IN THIS ARTICLE
London
U.S
Europe
Frankfurt
Zurich
Bank of England
Frankfort
West Germany
Bonn
Research Institute
United States
France
Britain