> as lemmas

1972 Economist 11 Mar. 87/1 Europe's currencies will try to be held inside the celebrated ‘snake’ wriggling within the overall 4.5 per cent dollar ‘tunnel’.

1972 Accountant 12 Oct. 451/2 It would take over the day-to-day running of the so-called ‘snake in the tunnel’ system of exchange rate margins which Britain opted out of when the £ was floated on June 23rd.

1973 Business Week 10 Mar. 37/3 In March 1972, the six charter members of the EEC and the three nations then awaiting membership agreed to keep their currencies trading within a narrower band against one another than they do in trading against the dollar. When set down on graph paper, the snake is the narrow EEC band and the tunnel the wider dollar band.

1973 Business Week 10 Mar. 37/3 A year-old technique that is dubbed, whimsically enough, the ‘snake in the tunnel’.

1975 Sunday Tel. 11 May 24/4 There may be an agreement on the amount the pound should be devalued..followed by a return to the European currency arrangement (the ‘snake in the tunnel’).

1976 Times 14 Aug. 15/1 Finance ministers from the ‘snake countries’ (Belgium, Denmark, Germany, Luxembourg, The Netherlands, Norway and Sweden).

1979 Dædalus Winter 63 But the idea offers an opportunity..of avoiding the pitfalls of previous efforts that had aimed prematurely at stabilizing exchange rates in a European ‘snake’.

1980 T. Barling Goodbye Piccadilly viii. 155 An illuminated wallchart showed the present float of the European Money Snake.