Word: franc
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...astes went surfboarding to success. In the past twelve months, according to the French Film Office, at least 30 young men without previous experience in film direction have gone into production with full-length films, and already half a dozen of them have achieved both critical acclaim and the franc approval of the public. Among the leaders François Truffaut, 27 (The Four Hundred Blows), Alain Resnais, 37 (Hiroshima, My Love), Claude Chabrol, 27 (Le Beau Serge, The Cousins), Edouard Molinaro, 31 (Back to the Wall...
...behind such misfortune? Some Tangerines blamed the King's act on jealous Casablanca merchants. Others insisted it was a British plot to divert trade to Gibraltar, or a French plot to force Tangier into the franc zone. The explanation accepted by most Tangerines was simpler. To the passionate, doctrinaire leftist politicos of Morocco, Tangier is a monument to foreigners, a corrupt, unclean, anti-Moroccan place that must be cleaned up and cleaned out. Let moviemakers find sinister backdrops elsewhere...
...even more heroic rescue was required in 1 958 for France. Weakened by the wars in Algeria and Viet Nam and poor fiscal management, France was close to financial collapse when Jacobsson hustled to the rescue. He arranged a package of $655 million in credit from the Fund, the European Payments Union and the U.S. With the loan went some detailed recommendations on how France could put its fiscal house in order. It did so well that after De Gaulle came to power he was able to devalue and stabilize the franc. At other times, Jacobsson rescued the Danes, Dutch...
...cotton arrived at a Chinese port recently, U.S.-trained Chinese inspectors swarmed over it, carefully grading each" bale. The Chinese are tough and unbending in trade negotiations, often cancel contracts for no obvious reason. Said a Frenchman who packed his bags and returned home from Red China without a franc's worth of trade: "The atmosphere is decidedly bad for doing business...
...will take the French mint five or six years to replace the country's coinage completely, and for a time the old banknotes will simply be issued overprinted in red with their new values, until new coins (including a silver 5-franc piece the size and approximate value of a silver dollar) can be turned out. But once again a thrifty Frenchman...