The European Monetary System and the ExchangeRateMechanism (ERM) are created.
1978年欧洲货币体系与汇率机制（ERM）创建。
2
In September 1992 Italy was forced out of the European ExchangeRateMechanism, a pre-euro system of semi-pegged currencies.
1992年9月，意大利被迫脱离欧洲汇率的半挂钩机制。
3
He added that the mood in the City was reminiscent of Black Wednesday, in September 1992, when the UK crashed out of the European ExchangeRateMechanism.