English Dictionary

snake in the tunnel

固有名詞

歴史的

(finance, historical) The first (1970s) attempt at European monetary cooperation, essentially pegging all of the EEC currencies to one another.

日本語の意味

1970年代に行われた欧州通貨協力の初期試み、すなわちEEC加盟国の通貨を互いに固定レートで連動させる試み

Economists often refer to the snake in the tunnel as the first major step toward European monetary integration in the 1970s.

経済学者はしばしば、1970年代にEECの通貨を相互に連動させた初期の欧州為替協調策を、ヨーロッパ通貨統合への最初の重要な一歩と呼ぶ。

意味（1）

(finance, historical) The first (1970s) attempt at European monetary cooperation, essentially pegging all of the EEC currencies to one another.