Word: clementel
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Dates: during 1920-1929
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Finance Minister Etienne Clementel mounted the tribune of the Senate. . . . He had just been closeted with Premier Herriot. They had been discussing how to get France out of her financial muddle...
...franc began to sag. Finance Minister Clementel reckoned that, during the past three months, 14,000,000,000 fr. (about $700,000,000) had been exported. That explained the downward trend: The French were losing faith in their own currency...
From Chancellor of the Exchequer Winston Churchill, in London, Finance Minister Etienne Clementel received a letter relative to the War debt of more than $3,000,000,000 owed by France to Britain...
Finance Minister Clementel said it was a friendly offer and would receive the close and careful consideration of the Government, though definite action was not envisaged for some weeks. It was considered highly probable that Premier Herriot and M. Clementel would hie them to London for a conference before the matter should be put up to Parliament...
Finance Minister Etienne Clementel, backing his Chief, expounded that "it would be a crime to have recourse now to the printing press. The only way by which we can pull ourselves free from the present situation is by economy and sincerity...