Word: cabineteer
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Dates: during 1930-1939
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...scared money was in flight from France last week, rushing to other havens at such alarming pace that the Bank of France, striving to tempt its return, had to jack up the already high Paris central bank discount rate of 4% to the "panic rate" of 6%. The Blum Cabinet for the third time in nine months was desperately short of cash. First time this happened (TIME, Oct. 5), Finance Minister Vincent Auriol devalued the franc by 40%, carried on with the "profits" of this operation. Next time the Treasury cupboard was bare M. Auriol borrowed eight billion francs (TIME...
...last French election gave the Popular Front a "safe majority" in the Chamber composed of Radical Socialists, Socialists and Communists. These last have no Cabinet seats. At the emergency session it was the Radical Socialists and Socialists who fell to quarreling, with luckless Premier Blum fluttering between them in his accustomed role as the dove of Popular Front peace. After almost two hours' wrangle it was decided to ask Parliament to grant the Cabinet dictatorial powers over French economy and finance for six weeks. Once these had been voted, the Cabinet could then in a more tranquil atmosphere decide...
...have the enthusiasm of the Communist Deputies. Their 72 votes are indispensable to the Blum Cabinet, and instructions had come from Moscow last week to make the Premier acutely conscious of this fact. Therefore Communist Deputies who usually cheer Blum & Auriol sat stone-faced last week through their appeals to a Chamber in which only the Socialists cheered...
...make the kind of fighting speech so much admired in France and force the Senate's hand. Even his Senate enemies admitted that if he made the vote one of confidence this time he could probably force a victory-since the Senate would not want to upset a Cabinet so strongly backed in the Chamber. Instead of showing spirit or spunk, the Premier made a plaintive, hesitating speech, failed to make the issue one of confidence, and was rebuffed by the Senate 168-to-96. In the Chamber aroused Popular Front Deputies waited for their Blum to rush back...
Although Socialist Blum had resigned this did not destroy the political majority of the Popular Front. Mindful of this fact President Lebrun asked another Popular Front statesman before dawn to try to form a Cabinet, picking for this effort a Radical Socialist who had twice before been Premier, Camille Chautemps. Names notwithstanding, the Radical Socialists are more conservative than the Socialists in France, and thus the selection of Middle-of-the-Roader Chautemps meant a shift toward the Centre and away from the Communists. To form a Cabinet on this basis was ticklish work this week. Premier-Designate Chautemps...