Word: francos
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...however, Franco lives long enough and acts fast enough, and if the econo my keeps laying its golden eggs, Spain's future is bright, indeed. Which is why it is so important that Spain's present boom continue. A few more years of rising prosperity could easily instill the feeling of general well being on which, in anarchist Spain at least, real political maturity must be based...
...more delighted at all the bustle than Francisco Franco, the stubby (5 ft. 3 in.) Galician general who is now in his 30th year as "Caudillo (literally: commander or headman) of Spain by the Grace of God." And quite probably, no one is more surprised. For until six years ago, Spain was isolated from most of the world, brooding, stewing in its evaporating juice. Foreign investment was unwanted and restricted, and Franco was as openly anticapitalist as he was antiCommunist. Spanish industries, creaking and featherbedded, stumbled along behind trade barriers that kept most foreign products out entirely and imposed rigid...
Over the Howls. In desperation, Franco turned to his young Commerce Minister, Alberto Ullastres, a brooding ascetic who had been arguing futilely for change. On a hot July day in 1959, Ullastres announced a sweeping stabilization plan. Credit was tightened, the budget slashed, the peseta devalued to a realistic 60 to the dollar. With the aid of a $400 million international loan, Ullastres threw open Spain's doors to imports necessary to rebuild its economy. And over the howls of government protectionists, he pushed through a series of measures to encourage foreign investors to enter Spain...
...success of the stabilization plan was miraculous. By 1963 Spain had $1.1 billion in foreign reserves and a booming economy. To help it along, Franco was persuaded to go on to an even more ambitious four-year development plan. At the heart of the plan are the seven development "poles" scattered throughout provincial Spain. Borrowing a page from Puerto Rico's successful Operation Bootstrap, Planning Minister Laureano López Rodó offers a five-year tax holiday, duty-free equipment imports, easy credit facilities and attractive plant sites to private industries willing to set up shop in these...
Even more impressive was last month's law, passed by a newly resilient Cortes (Parliament), giving Spanish workers the right to strike for higher pay. For nearly three decades, all strikes had been banned in Franco Spain...