Word: marchandeau
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...permitted Finance Minister Paul Marchandeau to draft a program for extracting France from her financial difficulties by drastic measures of "exchange control" and "guided economy." Former Premier Leon Blum cracked: "I would laugh if it were the time to laugh!" For what Paul Marchandeau had not wanted the Blum Left to do, he now urged as a measure of the Centre...
...Marchandeau measures gave evidence of being broadly unpopular, so last week Premier Daladier abruptly threw the whole program out. He invited Paul Marchandeau to hand the Ministry of Finance over to Paul Reynaud and take M. Reynaud's Ministry of Justice. This was quickly done with no Cabinet crisis. After the swap new Finance Minister Reynaud announced he would not answer his telephone for five days, promised by then to have drawn up a new financial program. This was expected to be "orthodox," that is, not to crack down on private capital or private initiative, but to continue "democratic...
...matter what the circumstances, France is fully capable of assuring the inviolability of her frontiers and her empire by herself." As if to add punch to the Premier's pronouncement came two moves in rapid succession. A five-billion franc defense loan, arranged by Finance Minister Paul Marchandeau, was oversubscribed a few hours after the lists opened to the public. An Air Ministry announcement revealed that France will begin her two-year plan of air force rearmament with the purchase of 100 fast Curtiss pursuit planes, ordered in the U. S. last week. And the general staff last week...
...Finance Ministry passed to Paul Marchandeau, Mayor of Rheims, a battle-scarred holder of the Croix de Guerre and Legion of Honor. He is the sort of man sound men call sound. Even so, on international exchange the franc remained weak while France sat tight in the badly rocked boat of her political equilibrium. For despite every effort made by all parties concerned to conceal it, the Popular Front of Communists, Socialists and Radical Socialists was in a state of disintegration, and the chances of its long survival seemed slim. In his ministerial declaration Premier Chautemps frankly confessed that...
That situation Premier Flandin handled, as well as he could, by sending France's Minister of Commerce Paul Marchandeau to Brussels this week. There M. Marchandeau will tell Belgian Premier Paul van Zeeland that France, unable to permit Belgium to flood her with goods at devaluation prices, must follow Great Britain in upping tariffs against Belgium. In the French Chamber, despite a croak from No. 1 French Socialist Leon Blum, the Deputies of France voted rousing gold standard confidence in the Flandin Government...