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The economic and monetary environment at the end of the 1960s
On 20 March 1968, against a backdrop of instability in the global gold market, the Belgian daily newspaper Le Soir outlines the idea of Pierre Werner, Luxembourg Prime Minister and Finance Minister, to create a new monetary system at the level of the European Economic Community (EEC).
On 11 August 1969, following the devaluation of the French franc, the Council of Finance Ministers of the Six decides to isolate French agricultural prices from those of the Community.
On 2 October 1969, Pierre Werner, Luxembourg Minister of State and Finance Minister, gives an address at the Annual Meeting of the International Monetary Fund (IMF), in his capacity as Governor of the IMF for Luxembourg.
On 11 November 1969, as the draft state budget for the 1970 financial year is presented to the Chamber of Deputies, Pierre Werner, Luxembourg Minister of State, President of the Government and Finance Minister, gives an address on the short- and medium-term programmes and projections, the economic and financial climate, currency, savings and credit.
