Word: mauroy
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Prime Minister Pierre Mauroy quickly launched a campaign to convince his skeptical countrymen of the need for such common sacrifices. Few doubted that the credibility, and possibly the survival, of his government was hanging on the success of those efforts. Coming only eight months after an 8.5% devaluation against the mark, last week's realignment was the turning point in the 13-month-old attempt by the Socialist government to spur economic growth and curb unemployment through government spending-an approach diametrically opposed to that of the Reagan Administration. Said Yvon Gattaz, the peppery president of France...
...Britain, Canada, West Germany, Belgium, Denmark, Italy, Iceland, Luxembourg, The Netherlands, Norway, Portugal, Greece, Turkey and Spain. Since France's formal withdrawal from NATO'S military command in 1966, its President does not attend summit meetings. Mitterrand, however, will be at the opening dinner. Premier Pierre Mauroy will represent France at the summit...
...Mitterrand has no intention of changing France's unique relation ship with NATO: although an original member, it has retained an independent command over its military forces since 1966. Still, NATO planners have always assumed that the French would close ranks if war came. Indeed, Premier Pierre Mauroy pledges: "France intends to remain faithful to its allies, with the U.S. in the front row." Hernu argues that, ironically, France's withdrawal from the com mand structure of NATO, a move that gravely strained ties with the U.S., now makes France a stronger ally. "If France were fully inside...
When first word of all this got out during the debate on nationalization, the Socialists accused Paribas Chairman Pierre Moussa, 59, of what Premier Pierre Mauroy called a "shocking lack of civic spirit." In the ensuing scandal, Moussa was forced to resign...
...Socialists invoke dubious economic theories to justify their action. According to Mauroy, the new state enterprises will enjoy the autonomy that has ensured the success of companies already in the hands of the French government, such as Renault (see box). But conservatives and a good number of Socialists doubt that Mitterrand will give the new state companies the same free-enterprise hand Renault enjoys. Central to Socialist doctrine is the view that the state should use nationalized industries to catalyze growth of an economy plagued by stagnation, record unemployment (7.7%) and rising inflation (14%). By controlling the banks and turning...