Word: france
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...There is no question that it was he, as Premier (1922-24), who sent French troops to occupy the Ruhr. Yet last week M. Poincare, once again created Premier (TIME, Aug. 2), began to clip and prune the French Army, in the interest of national economy to save the franc...
...evidence of royal democracy, pointed proudly to the royal garage last week. There His Majesty's three sleek, Belgian-made Minervas have stood without aspirating so much as a drop of gasoline since the King, as Dictator (TIME, July 26), demanded national economy to save the Belgian franc...
Bank Fund. The final fiscal reform measure for which M. Poincaré secured passage last week authorized the Bank of France to create by the purchase of foreign currencies a non-fluctuating monetary reserve for manipulation in defense of the franc. Premier Poincaré declared roundly before the Senate: "The franc has reached a point where it is much below its real value. The Bank of France bills are guaranteed in such a manner as to render unjustified the absurd present rate of the franc in international exchange...
Significance. Correspondents at Paris wrote last week in an incredulous vein, as though unable to believe that the Chamber, after two years of procrastination and folly, had been galvanized into rational action. So favorable was the reaction of international financiers that the franc touched 35 to the dollar again, after touching 50 during the slump which frightened the Chamber into supporting the "Sacred Union Cabinet." (TiME, Aug. 2.) Throughout the week, M. Poincaré conducted an experimental and educative campaign of inspired statements to the press-sought, without conspicuous success, to find and pave a way through hostile public opinion...
Late in the week, Parisian merchants, terrified lest "Les Amér- icains" and their gold be frightened from Paris, began an anti-anti- American campaign through the press. The situation eased perceptibly with the return of the franc to 40 on the advent of M. Poincaré's Ministry...