Word: frances
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Italy dropped out the next day, promising an early return. As the tumultuous week ended, speculators turned their attention to the French franc, the Irish punt and the Danish krone, all of which neared the bottom of their permitted range in the E.C. exchange mechanism...
Beregovoy is a defender of a "strong franc" and fiscal orthodoxy. He may also be the Socialists' last trump card...
...saga. It is 1979, and Michael Corleone (Al Pacino), the sleek, ruthless don, has become a legitimate billionaire. His sister Connie (Talia Shire) has dredged herself out of a sullen stupor to become his feisty adviser. His ex-wife Kay (Diane Keaton) has remarried. His son Anthony (Franc D'Ambrosio) has eyes to become an opera singer. His daughter Mary (Sofia Coppola) is itching to grow up and fall in love...
There are precedents for monetary integration, though usually conquerors simply repudiated the old currency and introduced their own. Perhaps the aptest parallel with East Germany's situation is the 1957 reintegration into West Germany of the Saar, after it had been incorporated into the French franc area for eleven years. But both sides were operating with realistic exchange rates; besides, the Saar then had 1 million inhabitants, while East Germany still has some 16 million...
...much had France paid for its citizens' freedom, both to Iran, which brokered the release, and to Islamic Jihad? Interior Minister Charles Pasqua insisted that "not a franc, not a dollar, not a deutsche mark" was rendered. But another French official said the Iranians were interested in re- establishing diplomatic relations, which were broken last summer. They also wanted repayment of a $1 billion loan made to France in 1974, which they argue has appreciated considerably because of accrued interest. France has so far paid back $660 million...