Word: frances
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...trouble with Perkins' letter is that it found its way into the French press. At a time when Franco-American relations are already strained over Chad and the pummeling that the French franc has received from the dollar, Perkins' electioneering ploy seemed to be a gratuitous blow to Gallic pride. "Parisians do not cry nightly with eyes bathed in tear gas," sniped Le Quotidien de Paris. "The number of Americans in Paris this August is proof of that...
...months, President François Mitterrand has come under mounting criticism for his handling of the economy. He has been berated for increased government spending and successive devaluations of the franc. Fellow Socialists have groaned about his stringent austerity program, designed to bring the soaring foreign trade deficit under control and to curb France's 8.5% inflation. Students, shopkeepers and even policemen took to the streets last spring to vent their displeasure with the policies of his two-year-old government. His approval rating has plunged from 50% to 35% in the past year. Last week the President endured...
Each of the leaders left quaint, historic Williamsburg in a position to claim at least token success. The French, fearful for their falling franc, won an agreement, albeit a decidedly vague one, that measures would be studied to stabilize currency markets. The Japanese escaped direct criticism of their own trade policies while joining in a general condemnation of protectionism. And all of America's trading partners extracted an admission from Washington that uncontrolled budget deficits contribute to rising interest rates and threaten to sap the strength of the budding global recovery. The conferees made no concrete pledges about...
...lack of any specific pledges by the U.S. to help stabilize exchange rates, and the absence of any willingness in Washington to take any immediate steps to act on the vague promises made, helped push the French franc and the Italian lira to new lows last week against the dollar...
Many of the forces that have been blamed for a decline in American education have also been at work in France. After the protests of 1968, university reforms were enacted that moved toward providing equal opportunity to all young people. Within a few years, primary other things, the government increased the number of universities from 22 to 65. While many talented but underprivileged students were able to attend a university for the first time, thousands of underprepared students were also swept through the halls of academe. French universities expanded rapidly: from 385,000 students...