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The Economic Front: From Außenwirtschaft to Außenpolitik

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Abstract

The increasingly controversial image of the Caetano regime posed a challenge to the already mentioned formula of ‘separation between foreign trade (Außenwirtschaft) and foreign policy (Außenpolitik)’. In order to face this challenge, the federal government had to handle efforts to channel political agendas into the FRG’s economic policy towards the Estado Novo. This chapter assesses how Bonn engaged with forces pushing for economic continuity and discontinuity towards the Portuguese dictatorship emerging from various spheres of power.

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Notes

  1. For an analysis of European economy in the 1960s and 1970s, see D. Aldcroft (2001) The European Economy 1914–2000 (London/New York: Routledge), pp. 188–210. For a year-by-year analysis, see Relatório do Conselho de Administração do Banco de Portugal, 1968–1974 .

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  4. 31.8% in the chemical industry, 36.1% in the iron and steel industry, 36.6% in the machinery and transports industry, and 30.5% in the electronic industry. See W. Abelshauser (2004) Deutsche Wirtschaftsgeschichte seit 1945 (Munich: CHBeck), p. 265.

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  25. In an infamous parliamentary debate on 8 April 1970, Nogueira declared that a) European integration was a disintegrating myth, b) if Portugal were to integrate the Common Market, Portugal would be ‘colonised’ by Europe and then Europe would ‘colonise’ the Portuguese overseas territories, and c) that would somehow also lead to the loss of Portugal’s national independence to Spain. See N.A. Leitão (2007) Estado Novo, Democracia e Europa (Lisbon: Instituto de Ciências Sociais), p. 253.

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  28. The remaining DM 50 million were for the construction of the airports in Lisbon, Oporto, Faro, and Funchal. The credit interest was 3.25% per year, with a grace period of five years and repayment over 20 years for the Alentejo project. See A. Pais (2002) Contributos para a História da Base Aérea n.º11 e do Projecto do Aeroporto de Beja (Beja: Artur Pais), pp. 62–3.

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© 2014 Rui Lopes

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Lopes, R. (2014). The Economic Front: From Außenwirtschaft to Außenpolitik. In: West Germany and the Portuguese Dictatorship, 1968–1974. Security, Conflict and Cooperation in the Contemporary World. Palgrave Macmillan, London. https://doi.org/10.1057/9781137402080_4

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  • DOI: https://doi.org/10.1057/9781137402080_4

  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-349-48664-9

  • Online ISBN: 978-1-137-40208-0

  • eBook Packages: Palgrave History CollectionHistory (R0)

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