Word: jobert
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Dates: during 1980-1989
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...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 that he wanted to impose a policy of economic "rigor" as early as the spring of 1982. He felt that the "Germans were not ready," an apparent reference to Chancellor Helmut Schmidt's reluctance at the time to undertake a simultaneous revaluation of the mark...
...accusations flew, only the French openly blamed GATT and the free trading systems for the world's current economic ills. With his nation stirring controversy in Europe over an ingenious new barrier against Japanese video recorders (see box), acerbic French Trade Minister Michel Jobert lambasted U.S. free trade principles as a "formula of dogmatic liberalism" yielding "subtle" forms of protectionism, and argued that in any case high interest rates and currency fluctuations, not trade barriers, caused joblessness...