Word: debre
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Dates: during 1960-1969
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Picaresque Assets. True to Gaullist form, the French insisted that the U.S. must end that deficit before any S.D.R. are created, but their stand won scant support from other countries. More worrisome was French Finance Minister Michel Debré's demand (supported by West Germany) that IMF's charter be revised to give the Common Market veto power over all future expansion of IMF reserves and the use of IMF loans by debt-laden countries. "If we don't get our way," threatened one European finance chief, "the Americans aren't going to get any monetary...
...afflicting the French economy. Unemployment stands at its highest in a decade, while first-quarter industrial production fell 1.6% from a year earlier. Worst of all, the country's fifth five-year economic plan - now half completed - appears to be something of a bust. As Finance Minister Michel Debré admitted last week: "It seems that this year the objective of the plan will not be attained...
...France, Finance and Economics Minister Michel Debré has announced a "milestone" agreement that "avoids both a system of laissez-faire, or indifference, and a system of state control." The government will lend the steel industry $544 million, doled out at a rate of about $120 million annually, at low interest, to modernize and regroup. The four biggest French steelmakers recently formed two new combines...
...French proverb: "Point n'est besoin d'esperer pour entreprendre ni de réussir pour persévérer [One need not hope in order to undertake, nor succeed in order to persevere]." Next day, by a 9-1 vote, with France's Michel Debré the only holdout, Ministers of the Group of Ten agreed to persevere some more...
...campaign manager for De Gaulle's re-election last December, in which De Gaulle was forced into a humiliating runoff, and even then managed only 55% of the vote against Socialist François Mitterrand. Afterward, De Gaulle brought back into his Cabinet his first Premier, Michel Debré, a hint to some that Pompidou was on the way down. Not so. As Finance Minister, Debre has had to take orders from Pompidou-and take the blame for the government's tough wages-and-price policy...