Word: flandin
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Dates: during 1930-1939
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...roast. Doing his best, Capt. Eden arranged to keep the League Council in session on the Abyssinian question for a week if necessary. Meanwhile Pierre Laval got a call from headquarters: Things were going very badly at home. Crowds were nervous. Everything pointed to the fall of the Flandin Cabinet when parliament reopened early this week. The Foreign Minister had better hurry home. The last train for Paris left at 10:45 p.m. What time was it now? Nearly 9 o'clock. Mon Dieu...
...knew what they were faced with: an immediate budget deficit of ten billion francs ($658,300,000), that was causing the French franc, keystone of Europe's gold bloc, to tremble on the verge of devaluation. Either the Chamber must swallow its pride, vote extraordinary powers to the Flandin ministry or else the Cabinet must fall and France head into another inflation like that...
With his broken arm still in a cast, hulking Premier Flandin held daily bedside conferences with elderly, crop-headed Finance Minister Louis Germain-Martin and Governor Jean Tannery of the Bank of France. In 1926 white-chinned old Raymond Poincaré had been able to halt a similar crisis by increasing taxes, by floating a heavy loan on the Government tobacco monopoly. But in national prestige Premier Flandin was no Poincar...
France's plight has reached the climatic stage. Premier Flandin's composite cabinet seems about to topple in the midst of its strenuous efforts to win a grant of dictatorial powers in order to continue a losing fight to maintain the present gold parity of the franc. Although the crisis may be staved off for the moment with the formation of a new cabinet granted the desired authority by the legislature, competent observers agree that "devaluation" must come in a very short time. Depleted reserves in the Bank of France, in addition to an increasing flight of capital...
...moderation, sheer leaning over backward, but the French cabinet saw it as increasing the risk of a war-provoking incident. In Paris, German Air Minister Goring is feared capable of any madness, and Realmleader Hitler's head is rated hot. On orders from French Premier Pierre Etienne Flandin, himself a wartime aviator, the General Staff order was suspended and "for the present" French frontier guards will write down a description of each German peeping plane which will then be solemnly protested by French Ambassador Andre François-Poncet at Berlin while Nazis laugh up their brown sleeves...