Money and Security: Troops, Monetary Policy, and West by Hubert Zimmermann

By Hubert Zimmermann

This examine hyperlinks basic political buildings of the chilly conflict period, the transatlantic safety process and the overseas financial approach. crucial to this factor is an issue that soured family one of the Federal Republic and its significant allies from the Fifties to the Nineteen Seventies: Who used to be to undergo the large rate of British and American troops in Germany? either Washington and London pointed out this price as an incredible reason behind the decline of the pound and the buck, while Germany reluctantly paid and traded "Money for Security", a basic development of its postwar overseas coverage.

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Extra resources for Money and Security: Troops, Monetary Policy, and West Germany's Relations with the United States and Britain, 1950-1971: Troops, Monetary Policy, and West ... of the German Historical Institute)

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The stationing countries were faced with fierce domestic criticism about the high cost of their military commitments. To justify the politically necessary extension of troop maintenance this financial burden had to be kept within certain limits, or better, be completely neutralized. If a German army was not established quickly enough, the Federal Republic would continue to pay rather than have a free ride on the Western defense structure. But one of Germany’s major objectives during the EDC debate was to get rid of the occupation costs.

25 The German ministers rejected the requests, and the meeting soon degenerated into an exchange of mutual recriminations. The British minutes recorded that the German finance minister “Dr. [Fritz] Schäffer (who was beginning to get heated) had to say that such a request was quite unacceptable to the Federal Republic. There was no 24 The issue is largely neglected by historical research. , The United States and Germany in the Era of the Cold War, 1945–1990, 2 vols. (forthcoming). 25 Record of a meeting between Schäffer and allied defense ministers, Dec.

Roughly one-third of the cost was spent on operations (payroll, supply, transport, maintenance) and the rest for equipment, construction, administration, and training. See Edward R. , 1971), 106–7, 129–30. The British published estimates on the budgetary cost only in the 1960s. In 1966 the budgetary The End of the Occupation Regime 19 This economic consideration was one of the major reasons for both the United States and Britain to plan for only a temporary presence, that is, until European forces were available in sufficient numbers.

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