Word: francoed
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Dates: during 1940-1949
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...Murphy's brand-new black Spanish mantilla was ruined. "Never mind, dear," said Congressman Murphy, "we will be back next year and we will see another from the United States ambassador's box." (The U.S., Britain and France have signified their disapproval of the Franco regime by withdrawing ambassadors from Madrid...
...Grab. Dannie Heineman, whose friends and associates include such bigwigs as Herbert Hoover, Spain's Duke of Alba and Britain's Viscount Swinton, prevailed upon Belgium and Canada to protest March's actions. Franco, who had praised March for his "audacious nationalism," brushed them...
Unable to strike at CHADE, March turned his attention again to Barcelona Traction. In February 1948, an obliging judge in the small Catalonian town of Reus declared that, since Barcelona Traction had not paid the interest on its bonds, it was bankrupt. Franco's authorities moved in, evicted Barcelona Traction's officers from their Barcelona headquarters, and ushered in Juan March...
...civil war blocked all currency exchange, and at war's end Franco refused to unblock Ebro's profits. With Barcelona Traction helpless to get at them, it fell far Dehind in interest payments on its sterling bonds. The bond prices tumbled, and Juan March started buying them up at bargain rates...
...Manhattan, Dannie Heineman shook his head in amazement at what he called Franco's "stupidity" in letting Old Smuggler March go so far. Said Heineman: "This will not only cost Franco all the confidence and all the credits he hoped to get, it will scare all U.S. capital from investment anywhere in Europe...