Word: franc
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Dates: during 1970-1979
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...fugitive franc is fast becoming a political issue in the election campaigns. The leftist coalition has promised to halt the flow of French capital abroad-a threat that merely sends more money than ever rushing across the border. It has also vowed to crack down on tax evasion, an issue that is not of much help to the Gaullists these days. Last week the wife of a tax inspector who has been charged with fraud insisted that the government look into the income tax returns of three former Cabinet ministers. The politicians promptly sued for libel, but even the cautious...
Pompidou's choice of ombudsman has been greeted with hostility and hilarity. Out of retirement came 81-year-old former Premier Antoine Pinay, a cautious conservative who is remembered chiefly as the "savior of the franc" while serving as De Gaulle's Finance Minister. Critics charge that Pinay's appointment is purely political; he is honorary president of the Républicains Indépendants, the Gaullists' chief allies in government. "We would have taken him more seriously," remarked the satirical magazine Le Canard Enchaine, "if he had been five or six years older." Noting that...
...acres, 20 minutes by plane from downtown Nassau, seven white-sand beaches, and all priced to sell at $3,500,000. Is the purchaser partial to antiques? He can live in one (when he is not in his Breuer building). A restored castle near the Loire is a franc bargain...
Last week the judge found Mme. Chevalier and the abortionist guilty but acquitted the intermediaries. His sentences were conspicuously light-a suspended 500 franc ($100) fine for Mme. Chevalier, a suspended one-year jail term for the abortionist. That ended the case, but the battle over the abortion law was not likely to fade away...
...More. A more fundamental question is whether the dollar really can be treated no differently from the franc, mark, yen or lira. The dollar can no longer be the sun around which the entire monetary system revolves because the U.S. has lost the overwhelming financial dominance that it enjoyed in the 1940s, when the old system was created. But the American economy is still strong enough to make the dollar at least first among equals...