Word: franc
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Dates: during 1930-1939
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...order to get his Cabinet over its first rocks in the Chamber, must be able to tell French Communists that he was successfully staving off this British gesture toward Franco. In this appeal Chautemps & Bonnet-who was on the telephone to London almost hourly seeking support for the franc- succeeded for the duration of the week, and French Communist Leader Jean Duclos announced in the Chamber that his followers would vote for the new Popular Front Government. It won its decree measure 167 to 82 in the Senate and 380 to 228 in the Chamber-but in circumstances of excruciating...
...Deserters of the Franc." There were 3,636 tons of gold in the Bank of France when the Popular Front took office last year, and of these only 2,504 tons remained last week, dramatically revealed new Finance Minister Georges Bonnet...
...situation in France was an obvious setup for strife. A Premier popular with large elements of the masses, Leon Blum had resigned fortnight ago under middle-class pressure exerted by the Senate. Here & there in Paris last week groups of workers drifted about raising such plaintive cries as "Blum to Power!" Nobody of importance in France paid the least attention at this stage of the game, least of all Communist Leader Maurice Thorez and Socialist Leader Blum himself. These two had decided upon a policy of lying low for the present, letting the more moderate new Premier of France, genial...
...Government are less favorably disposed than ever toward the Spanish Leftists, and this week official London was considering whether it may be "obliged by circumstances" to grant the Rightists diplomatic recognition. 2) The panic in Soviet Russia over wholesale "treason" and the shaky position of the French franc (see p. 17) were major indirect factors working against the Spanish Leftists. 3) Mr. Chamberlain's speech gave the impression that he thought Mussolini & Hitler were right, from their points of view, in thinking that now was the time, before Britain has completed her rearmament, to throw heavier forces into Spain...
...worth by the U. S., whose currency stabilizing fund is $2,000,000.000. The stabilizing fund of the French Treasury, originally $450,000,000, was recently reported virtually exhausted (TIME, June 28). Thus last week bankers had reason to think it was chiefly John Bull who was keeping the franc steady on international exchange, and that grateful French politicians of the Left were seeing to it that he got his money's worth of what sagacious John Bull values most-tranquillity...