Word: lira
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...major moves by which Benito Mussolini jacked his country above the status of a second-class power was to put the lira, previously a wobbly joke currency, squarely on gold (TIME, Jan. 2, 1928). Soon at Pesaro the Lira Monument was reared, cut deep with II Duce's promise to defend the gold lira to the last drop of Italian blood. Since then nothing has occurred to convince the Dictator that any other statesman who inflates, debases or trifles with currency values is not dead wrong. Last week with U. S. President Roosevelt, British Prime Minister Baldwin and Japanese...
Rousingly Chamber and Senate answered with smash votes of confidence 324-160 and 233-15 respectively. On international exchange the franc rose as the pound, dollar, fell, carrying up with it the Swiss franc, guilder and lira. Displeased were French Communists and extreme Socialists, their spleeny spokesman being Pinko Deputy Leon LaGrange who had declared in debate, "The 200 families who rule this country are opposing the National will!" These villains, Deputy La-Grange said, are headed by "the regents of the Bank of France, de Rothschild and de Wendel!" In French villages sage peasants with gold in their mattresses...
...overtime work the percentage is quintupled. "We calculate that the yearly sum thus raised will be 200,000,000 lire ($17,000,000)," said Grand Councilman Cianetti. "This is distributed among men with families, in proportion to the number of their children. The average works out to one lira per day (8½?) per child...
...hard money folk the brightest news in Paris last week was persistent leakage of rumors that Pierre Laval in Rome promised Benito Mussolini a whopping French loan to defend Italy's lira on the gold standard...
...Powers bodes ill for the future. French unemployment figures have for the first time in history passed the four hundred thousand mark. It is common knowledge that Mussolini is wrestling manfully, though none too successfully, with internal difficulties, of which rising unemployment is but one instance, and that the lira rests on none too firm a foundation. Germany's condition would cause less stoical a man than Hitler to weep. Her trade balance would be justly complimented by being called unfavorable, and her political stability is almost wholly dependent on the extent to which Germans are willing to tighten their...