Word: france
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Dates: during 1930-1939
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Necessity on the part of the Blum government to check the fall of the franc and the flight of capital if it is to survive was emphasized in an interview with Professor Seymour E. Harris yesterday...
Amplifying this statement, he pointed out the possible grave international consequences of a change in political alignment at this time, and intimated that a good deal depended on the Leftist party's ability to maintain confidence in the franc...
Concerning the new French Loan he said, "Its significance lies in its effects upon the franc. The franc has been weak largely as a result of the continued outflow of capital which is to be associated with unsettled conditions in Europe and lack of faith in the French Popular Front Government...
...franc is not maintained at the minimum point set by the devaluation law, i.e. 4.3 cents, the present government will probably not survive," Harris declared...
Meantime in Wall Street the franc's turn for the worse intensified the current jitters over the outlook for U. S. money rates. Another boost in bank reserve requirements to sop up potential credit had been expected for months. That the move would mean a reversal in the long downward trend of interest rates was by no means a remote possibility, and bond prices accordingly tumbled...