Money: Toward Currency Change
International money men seem convinced that the next tinkering with the world's wobbly monetary system will involve a general realignment of most major currency values. One tip-off came last week from Karl Schiller, West Germany's increasingly influential Economic Minister. In a TV interview, Schiller substantially hedged Kurt Kiesinger's month-old promise that "the mark will never be revalued while I am Chancellor." That promise, said Socialist Schiller, binds the German government only until next September's national elections. More important, he added, it applies only to an isolated German move to raise the price of the...
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