Word: jacquese
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French officials insist that their plan will eventually succeed, but they now make fewer claims about its potential as a simple solution for unemployment. Says Finance Minister Jacques Delors: "Work sharing should not be considered the principal instrument in the struggle against unemployment but rather an important tool." Concurs Michel...
Mitterrand's statements reflect the sensitivity of the Chad issue in France. The Socialists have usually opposed military interventions in Africa, and they now find it awkward to have changed their position. French rightists also find themselves in a paradoxical position, reluctant to condemn an intervention that is in...
The U.S. grudgingly agreed at the Williamsburg economic summit in May to consider more ambitious actions. Under prodding from French President François Mitterrand, Washington said it would help stabilize foreign-exchange markets whenever trading became unusually hectic. Some foreign officials, however, had doubted that the Reagan Administration would...
In the article, Mitterrand admits: "I committed the error of not devaluing from the first," a move advocated by Michel Jobert, then Foreign Trade Minister. Said Mitterrand: "I felt that he was right. But [Prime Minister Pierre] Mauroy and [Finance Minister Jacques] Delors persuaded me to the contrary." Mitterrand indicated...
The trouble facing France's Socialist government is that its 1981 attempt at expansion created first inflation and then a huge trade deficit. Chevalier said that a split in Socialist Party ranks continues between supporters of Finance Minister Jacques Delors's austerity program and left-wingers like former...