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...million-by resisting excessive wage demands and encouraging exports through tax incentives or subsidies. He is adamantly opposed to devaluing the franc unilaterally, but has endorsed financial cooperation with France's partners; this may well result in multilateral negotiations later this year for a cheaper franc and a dearer West German mark...

Author: /time Magazine | Title: World: THE POST-DE GAULLE ERA BEGINS | 6/20/1969 | See Source »

...mark was so strong that it was pulling other currencies off balance. By refusing to devalue, De Gaulle could perhaps bring about a situation in which the Germans would be frightened into increasing the exchange rate of the mark. That would automatically strengthen the franc by making German goods dearer on the world market. De Gaulle also knew that a devaluation would frighten the French, reminding them of the financial instability of the Fourth Republic before he came to France's rescue...

Author: /time Magazine | Title: THE FIGHT FOR THE FRANC | 11/29/1968 | See Source »

...project is dearer to Iranian hearts than the $300 million Russian steel mill now under construction at Isfahan. Steel mills are status symbols to all developing countries, and Iran has been yearning for one for more than 75 years. The Shah himself broke ground for the plant last month, and the declared purpose of Kosygin's trip was to pay a visit to its site. Obviously, there was not a great deal to see yet, but the aborning mill was a convenient excuse for the Soviet Premier to negotiate in person for even bigger deals...

Author: /time Magazine | Title: Iran: A Profitable Trip | 4/12/1968 | See Source »

...STORY OF A YEAR, by Denis Butler. Nine centuries ago, the Battle of Hastings cost King Harold II of England his kingdom and his life-a price, as Author Butler suggests in this excellent first book, that may have been dearer than England knew...

Author: /time Magazine | Title: Television, Theater, Records, Cinema, Books: Jun. 3, 1966 | 6/3/1966 | See Source »

...STORY OF A YEAR, by Denis Butler. Nine centuries ago, the Battle of Hastings cost King Harold I of England his kingdom and his life-a price, as Author Butler suggests in this excellent first book, that may have been dearer than England knew...

Author: /time Magazine | Title: Television: May 27, 1966 | 5/27/1966 | See Source »

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