Snake in the tunnel
id:
snake-in-the-tunnel-287-7073554
title:
Snake in the tunnel
text:
The snake in the tunnel was a system of European monetary cooperation in the 1970s which aimed at limiting fluctuations between different European currencies. It was the first attempt at European monetary cooperation. It attempted to create a single currency band for the European Economic Community (EEC), essentially pegging all the EEC currencies to one another. The tunnel collapsed in 1973 when the US dollar floated freely. The snake proved unsustainable, with several currencies leaving and in
brand slug:
wiki
category slug:
encyclopedia
description:
Prototype of the European Exchange Rate Mechanism
original url:
https://en.wikipedia.org/wiki/Snake_in_the_tunnel
date created:
date modified:
2024-02-10T22:58:26Z
main entity:
{"identifier":"Q1332697","url":"https://www.wikidata.org/entity/Q1332697"}
image:
fields total:
13
integrity:
14