We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
Money and Security Published online by Cambridge University Press: 05 January 2013
fulfilling the mcnamara-hassel agreement
On October 11, 1966, President Lyndon Johnson announced that the governments of the Federal Republic, the United Kingdom, and the United States were about to
undertake a searching reappraisal of the threat to security and - taking into account changes in military technology and mobility - of the forces required to maintain adequate deterrence and defense in Central Europe. The reappraisal will also deal with: equitable sharing of defense and other comparable burdens, the impact of troop-deployments and force levels on the balance of payments of the United States and the United Kingdom, the effect on the German economic and budgetary situation of measures designed to ameliorate balance-of-payments problems.
This program amounted to nothing less than a fundamental review of the Atlantic security system and its economic foundations. The trilateral negotiations are usually viewed as the first step toward the reform of NATO in the late 1960s, paving the way for NATO's so-called Harmel report on “The Future Tasks of the Alliance” at the end of 1967. At issue was not only whether NATO would survive the crisis of 1966-7 but also whether the dollar-gold system could be preserved and whether a mechanism different from the previous offset practice could absorb the frictions between the monetary and the security systems. How this task was resolved and what factors determined the solution is a largely unknown story.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.
