| Indeed, acceptance of it was said to be Germany's price for giving up the much-treasured Deutschmark in the first place. |
| Funds flowed back into the Deutschmark from the dollar, and funds leaving the French franc were also converted into Deutschmarks. |
| This is partly because the Deutschmark joined the euro at too high an exchange rate. |
| This combined in the autumn of 1981 with a revival in the fortunes of the Deutschmark. |
| In October 1981 the Deutschmark and the Dutch guilder were revalued, while the French franc and the lira were devalued. |
| The accepted British line now contends that the French have harnessed the Germans by persuading them to give up the Deutschmark for the euro. |
