Word: frances
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Frenchman Jean Monnet for a United States of Europe. De Gaulle is by no means Europe's only neo-nationalist leader. Strauss and the West Germans played some of the same tunes of glory recently when they refused to revalue the Deutsche Mark in order to aid the franc...
...crisis could be set off by any substantial deficit in the U.S. payments balance or by a bad British trade report, a weakening of the French franc, or some political event that would fan distrust of paper currencies. Of all the possibilities, bankers worry most about the increasing disparity between the economic strength of West Germany and the weakness of France and Britain...
...glitter and the gaiety were deceptive-or perhaps slightly manic. Six months after the riots that rattled the foundations of De Gaulle's Fifth Republic and five weeks after a monetary crisis that threatened to bring down the franc, France remains troubled and uneasy. Prices are rising. So are taxes, as a part of De Gaulle's new austerity program. Unrest continues to ripple across France's universities and factories, the centers of last spring's upheavals. All over the country, Frenchmen are worried that fresh economic crises or new disorders may break out. Some questioned...
...more mundane level, France's political malaise has had direct economic consequences. At the moment, France is seized by a giant buying spree. Fearing an eventual devaluation of the franc, Frenchmen are sinking their savings into goods. Two months ago, there were 10,000 color-television sets in all of France; now there are 70,000. Washing machines, record players and other appliances are being snapped up at a similar pace. Peugeot is receiving 500 orders a day for its most expensive ($3,000) model, the new 504, even though it can produce only...
Actually, the French economy is not as sick as many Frenchmen seem to suspect. Owing to tight currency controls, the huge speculative outflow of francs has been stopped. Some $500 million in francs has returned to France in the past month. Furthermore, despite the franc's recent weakness, France still possesses some $3.5 billion in gold and foreign currency reserves plus nearly $4 billion in standby credits from the International Monetary Fund and her Western trading partners. Even so, the nagging worry remains either that the austerity program will bring on a recession or that runaway prices will force...