Summary
THE last great mystery of the Black Wednesday debacle in 1992, in which sterling was devalued, has been solved.
Since then, reports of a desperate last-minute British mission to Germany to plead for help only 48 hours before the pound's violent collapse have met with official silence.See the full content of this document
Extract
The Day We Begged the Germans ; Gadfly
Now, Gadfly can confirm that the 'flight to Frankfurt' did indeed take place on Monday, September 14. It was headed by Mervyn King, now Bank of England Governor and then the Bank's chief economist, and Sir...
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