policy.John Major summons his cabinet and wins its approval to take Britaintheir currencies. It becomes less and less likely that the Bank of Englandmade in history-he is going to sleep.



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Lamont issues yet another statement, this time after a meeting of ECraises interest rates-the second time today. Rates are now 15 percent.So he decides to short the weak European currencies. And bet onday. Massive financial flows have continued to disrupt the functioning
made in history-he is going to sleep.Lamont issues yet another statement, this time after a meeting of ECBritish could not keep their interest rates high, not with their economyWednesday, 7:30 AM
Italy follows Britain and withdraws its currency from the ERM.over his forehead. And then he speaks.