Abstract
Despite the fact that the Spanish economy was making its contribution to European recovery, there were many problems of a political nature in applying a strict economic or technical approach to the problem of relations with the Franco regime. Indeed, the alternatives to adopting sanctions against Spain were, in an ascending order of severity, the recall of ambassadors and the breaking of diplomatic relations, as demanded by several members of the United Nations, and economic sanctions. The French provisional government of the IV Republic and the British Labour government had to face political reality.
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Notes
A. Cowan, ‘The Guerrilla War Against Franco’, European History Quarterly, vol. 20 (1990) 227–53.
Press Conference of 12 October 1945; Gaulle, Discours et Messages vol. I Pendant la guerre Juin 1940-Janvier 1946 (Paris, 1946) 640–1.
R. Frank, ‘France Grande-Bretagne: la mésentente commerciale (1945–1958)’, Relations internationales, 55 (1988) 333.
Blum, L’oeuvre de Léon Blum, 1945–1947 (Paris, 1958) 184.
F. Portero, Franco aislado. La cuestión española (1945–1950) (Madrid, 1989 ) 133–4.
A. Bullock, Ernest Bevin: Foreign Secretary (1945–1951) (London, 1983) 163.
M.R. Gordon, Conflict and Consensus in Labor’s Foreign Policy 1914–1965 (Stanford, 1969) 131.
W.N. Medlicott, The Economic Blockade vol. 2 (London, 1978) 627–9.
M. Liniger, L’orange d’Espagne sur les marchés européens (Geneva, 1962) 165.
For details on Safehaven negotiations from the French viewpoint see J.-M. Delaunay, ‘La liquidation des avoirs allemands en Espagne (1945–1961)’, in J.-P. Etienvre and J.R. Urquijo, España, Francia y la Comunidad Europea (Madrid, 1989) 219–45.
The credit margin — established on the basis of the volume and timing of reciprocal trade expected — was the limit to which each partner was prepared to sell its currency for the other’s currency without demanding cover in convertible currencies or gold. For more details on this essential feature of postwar payments agreements, J.H.C. de Looper, ‘Current Usage of Payments Agreements and Trade Agreements’, International Monetary Fund Staff Papers, 4 (1955) 345.
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© 1998 Fernando Guirao Piñeyro
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Guirao, F. (1998). The Exigencies of French and British Economic Reconstruction. In: Spain and the Reconstruction of Western Europe, 1945–57. St Antony’s Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230373914_3
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DOI: https://doi.org/10.1057/9780230373914_3
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