Increase of Margins
In August 1993, the margin had to be expanded to 15% to accommodate speculation against the French franc and other currencies.
Read more about this topic: European Exchange Rate Mechanism
Famous quotes containing the words increase and/or margins:
“Reckoned physiologically, everything ugly weakens and afflicts man. It recalls decay, danger, impotence; he actually suffers a loss of energy in its presence. The effect of the ugly can be measured with a dynamometer. Whenever man feels in any way depressed, he senses the proximity of something “ugly.” His feeling of power, his will to power, his courage, his pride—they decline with the ugly, they increase with the beautiful.”
—Friedrich Nietzsche (1844–1900)
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—J.G. (James Graham)