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Word: france (lookup in dictionary) (lookup stats)
Dates: during 1960-1969
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Usage:

...monetary crisis abated last week, European statesmen were pleasantly surprised at the relative mildness of its immediate economic after effects. Thanks mainly to France's severe austerity program, the franc regained some of its strength, and the free world's finely balanced monetary system was spared, at least for the moment, a major upheaval (see BUSINESS). But the political consequences of the crisis continued to reverberate in half a dozen capitals, The West Germans had defended the Deutsche Mark against the combined efforts of France, Britain and the U.S. to bring about the mark's upward revaluation...

Author: /time Magazine | Title: World: A LARGER WEST GERMANY AND A SMALLER FRANCE | 12/6/1968 | See Source »

...fellow Europeans, but it was slightly disingenuous. West Germany's economic primacy in Europe is a fact, and so is the political leverage that goes with it, whether exercised or not. Charles de Gaulle's defiant and determined effort to preserve the parity of the franc cannot mask the reality of France's diminished stature. In order to stop the outflow of francs, France is now sealed behind a monetary barrier, deprived of much of the economic freedom that De Gaulle has used in the past to act as arbiter of Europe and counterweight to West Germany...

Author: /time Magazine | Title: World: A LARGER WEST GERMANY AND A SMALLER FRANCE | 12/6/1968 | See Source »

...quotas or similar nontariff barriers on steel, textiles, footwear and dozens of other products. The temptation to erect trade barriers is seductive. For somehow, the U.S. must end or at least substantially reduce its persistent balance of payments deficit; otherwise the dollar may face the same pressures as the franc and the devalued pound...

Author: /time Magazine | Title: Business: CRISIS EASED BUT NOT ENDED | 12/6/1968 | See Source »

...Expand international monetary reserves, which have become too thin to support the expanding volume of world trade. Since the recent humbling of the franc, France may be more willing than before to support the quick creation of the "special drawing rights." The SDRs are a form of "paper gold" that would be dispensed by the International Monetary Fund to supplement real gold, dollars and pounds in bankrolling trade and investment...

Author: /time Magazine | Title: Business: Rising Cry for Reform | 12/6/1968 | See Source »

...only does the current international monetary crisis reinforce cliches about national character; it also reveals that Germany is even stronger and France is weaker than many observers had previously believed. The French government is paying the price for giving in last spring to striking workers' demands for big wage increases. Those demands had been caused largely by the De Gaulle government's past policies of creating prosperity by holding down wages and skimping on social needs. In addition, France has long suffered from the tendency of many of its people to distrust their own currency, to put profit...

Author: /time Magazine | Title: Essay: OF TRUTH AND MONEY | 11/29/1968 | See Source »

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