Word: franc
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Dates: during 1920-1929
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...first time in two years it could be said last week that the French budget balanced. It balanced ("on paper") with a surplus of 30 million francs. This surprisingly hopeful turn of events was brought about by fear. The Deputies of France saw the franc tumble down to 3.39½¢ at Manhattan, a world record for all time, and were at last stricken with the fear that if they refused again to vote adequate taxes, as they have refused for months (TIME, March 15, et ante), the franc might go the way of the pre-Dawes mark...
...franc reflected the extreme gravity of the situation. It sank to a record low for the past two years: 28.09 francs to the dollar in Paris, 3.51% cents to the franc in Manhattan...
While the French franc trembles and fluctuates with every breath of political rumor, the Belgian franc has been stable at 4.54 cents since October of last year. Last week it crashed inexplicably to 4.01. Fiscal experts croaked that this was the most serious break in a European currency since the Dawes plan stabilized the German mark. At Brussels, Finance Minister Janssen was flayed by the Opposition for having allegedly withdrawn in part the support of the Government in "pegging" the franc. While the true cause of the break remained obscure, it was rumored that a slight devaluation of the franc...
...contribution to the already seething cauldron of European politics, one even more ominous than the decline of the franc, is the news that a Fascist movement is underway in Germany. Taking advantage of the anti-administration reaction to the Genevan disappointment, Dr. Alfred Hugenberg, through the influential medium of the Telegraph Union, a news syndicate which he controls, is about to launch a nation-wide campaign to promote the establishment of a dictatorship, Meanwhile he hopes to win over the various anti-republican factions to his standard, thus forming a powerful organization corresponding to the black shirted myrmidons of Mussolini...
...Budapest occurred further scandalous developments in connection with the notorious "Thirty Billion Franc Forgery" (TIME, Feb. 1). Although some four to six policemen guarded every streetcorner, the Opposition Leader, Deputy Vasony, a former Minister of Justice, found himself looking up the muzzle of a revolver as he left the Parliament House, at dusk...