Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
If I recall correctly, France was late to leave the gold standard because it had devalued the Franc wrt gold before returning to the gold standard, while the UK overvalued the pound, possibly thinking that asserting the old value as the new would make it so, which it did not. As a result gold flowed out of the UK and gold flowed into France as French exports were more competitive under gold. But that became a hollow victory when the UK, Germany and the USA left the gold standard.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 10th, 2015 at 11:37:11 PM EST
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