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Plaza Accord (en)

(or, Plaza Agreement) between France, West Germany, Japan, the US, and the UK, to depreciate the U.S. dollar in relation to the Japanese yen and German Deutsche Mark by intervening in currency markets, in 1985

And the Weak Suffer What They Must?
by Yanis Varoufakis

And the Weak Suffer What They Must?
by Yanis Varoufakis

And the Weak Suffer What They Must?
by Yanis Varoufakis


By the Plaza Accord, struck in 1985, Tokyo was forced to appreciate the yen substantially in relation to the dollar, with the Deutsche Mark compelled to follow suit.

—p.116 Trojan Horse (96) by Yanis Varoufakis
notable
9 years, 1 month ago