Word: french
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Dates: during 1980-1989
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...memories of the October stock crash are fading, but in France aftershocks are still rumbling through the Paris Bourse. Investors were stunned by last week's revelation that $85 million of the $255 million in the reserve fund of the Association of French Stock Exchanges, a stockbrokers' group, had been gambled away on speculative investments. In the wake of the scandal, the president of the association, Xavier Dupont, and one of his top deputies, Philippe Cosserat, resigned...
Soft-spoken but stubborn, French Archbishop Marcel Lefebvre has long been a thorn in Rome's side. After founding an ultra-traditionalist seminary in the bucolic Swiss hamlet of Econe in 1970, he began proclaiming that the modernized church policies of the Second Vatican Council (1962-65) were heretical abominations. Dismayed, the Holy See ordered him not to ordain any of his seminarians. When he defiantly went ahead and did so in 1976, Pope Paul VI forbade the Archbishop to administer the sacraments. He ignored that injunction as well...
...Excommunicated by whom?" scoffed Lefebvre at his press conference, as his seminarians gazed on admiringly. "By modernists, by people who should themselves be publicly excommunicated. It has no value." The bishops-to-be are two administrators of Lefebvre's Priestly Society of St. Pius X, the French Bernard Tissier de Mallerais and the Swiss Bernard Fellay; Richard Williamson, the head of Lefebvre's U.S. branch and a convert from Anglicanism; and Argentina's Alfonso de Galarreta. Both Fellay and Galarreta are also under the canonical age requirement of 35 for bishops...
With Iraq on the offensive, morale in Iran is sagging. -- Arafat gets a boost at the Arab summit. -- The French send Mitterrand a message...
...developing world and the creation of viable markets for our exports in the future. Accordingly, we will follow the example of France, which prior to the summit announced that it was canceling one-third of the debt owed to it by the "poorest countries," many of them former French colonies. For developing countries in general, we will forgive at least 20% of the debt owed to our governments. We will work toward a similar cancellation of private bank loans, offering tax incentives so that the cost of the action will be shared by the financial institutions and our governments...