Word: gaullists
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Dates: during 1980-1989
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...government-dominated banks rather than raise capital on the stock market. Referring to the Bourse's principal trading circle by nickname, De Gaulle declared icily: "France's policy is not made in the Basket." Stockbroker Antoine Durant des Aulnois recalls that being a dealer during the Gaullist era was "like selling corset ribs at a time when women didn't wear corsets any more...
...foreign policy in the June issue of Harper's, Historian Walter Laqueur charges that "France suffers not so much from a surfeit of nationalism as from a lack of faith, or a land of defeatism trying to masquerade as an unemotional strategy." Laqueur concedes that "there is a Gaullist tradition in modern French history, but there is also the heritage of Vichy, and it is not at all certain that the Gaullist tradition has prevailed of late. Contemporary appeasement has many guises: it appears under the mask of superior wisdom, experience and statesmanship, as well as under the slogan...
Domestic political considerations play a part in Giscard's cautious attitude; he will be up for re-election in May 1981. Wary of accusations from his conservative rival, Paris Mayor Jacques Chirac, that he has abandoned the Gaullist tenets of independence in foreign policy, the President seemingly bends over backward to avoid leaving opponents any room for maneuvering. Such prudence may be excessive. The continued split between France's Communists and socialists, which was aggravated by Party Boss Georges Marchais's overt support for the Soviet invasion of Afghanistan, makes Giscard perhaps the most comfortably ensconced political...