Word: franc
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Dates: during 1940-1949
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...Substantial improvement in the intra-European payments scheme to make convertibility of currency easier, i.e., to make the pound, the franc, and other national currencies eventually equally acceptable anywhere within Europe...
Premier Eyskens' announcement of a plan obviously approved by his Christian Socialist party instantly renewed Belgium's dormant political battle over the King's comeback. Leopold's supporters had gathered a 25-million franc ($71,429) war chest for the impending political campaign. His chief antagonists, the Socialists, were reviving their "action committees" which are supposed to organize strikes if the King should return. Cried one of the Liberal leaders, Gaston Vandewiele: "Leopold is obstinate and a blockhead...
...French, who had not been consulted in advance, the British move seemed a unilateral slap at "European unity." Since the French had already devalued several times, they now cut the franc loose to find its own dollar value on a free market, expected it to steady at about 350 to the dollar; but they would peg the franc again if it went beyond that...
Last week, with its big show drawing to a close, things were looking up for Tournai's present-day artists and craftsmen. The Belgian government had given Tournai tapestrymakers a 3,500,000-franc order, a new ceramics industry was being planned, the bell foundry was negotiating for a couple of big U.S. orders...
...good time, when turmoil was dying down. His predecessor Robert Schuman had already blunted the main Communist attack; in his first weeks in office, Queuille dealt effectively with Communist coal strikes. Schuman had started a wholesome drive for deflation, which Queuille continued. The Marshall Plan helped. Last week the franc was stronger, the national debt was slightly down, and industrial production (115% of 1938 when Queuille took office) was up to 130%. M. Queuille's critics call him "The Immobilist" because he so often finds it expedient to do nothing. Last week he attributed his success to the fact...