Word: grandi
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Dates: during 1926-1926
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...Vandyke beard, added half a cent last week to the value of the lira.* No prestidigitator, Finance Minister Count Volpi performed this modern alchemy by obtaining Premier Mussolini's assent to a hard-headed Cabinet decree enforcing deflation of the lira. So drastic is this reform that Signor Grandi, Under Secretary of State for Foreign Affairs, commented...
Continuing his comments on last week's really Herculean effort to restore the lira to parity, Under Secretary Grandi declared on behalf of the Cabinet: "As the artificial inflation of industry is punctured there will be many collapses, accompanied no doubt by much suffering, but it is the only honest path open to us and Mussolini in his decisive way has determined to see it through to a finish...