Word: mauroy
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...concerted efforts of conservatives to get Mitterrand to change his mind failed. Throughout the summer, businessmen had lobbied Premier Pierre Mauroy, Finance Minister Jacques Delors and Industry Minister Pierre Dreyfus, all moderates who were thought to consider the nationalization plan excessive. The Conseil d'Etat, a 199-man body that advises the government on the constitutionality of legislation, warned that it might be discriminatory to take over French companies while leaving foreign ones in private hands. But Mitterrand remained loyal to a central plank in the Common Program he signed with the Communists in 1972. Declared the President last...
With the number of unemployed now at 1.8 million (7.2%) and rising, Mauroy told the Deputies that his government's overriding objective was to "put France to work" through a unified national effort. Among the points he outlined...
...significant foreign shareholdings: CII-Honeywell Bull (47% U.S.-owned), International Telephone and Telegraph Corp.'s French subsidiaries (99% U.S.-owned) and Roussel Uclaf Pharmaceuticals (57% West German-owned). The government will soon begin special negotiations with these firms on the terms of their eventual takeover. In general, said Mauroy, non-French shareholders would have a choice of cashing in now, selling their assets to the state next fall, or retaining a stake in the Socialist experiment. The announcement caused no undue panic: the French stock exchange actually posted a 2.2% gain following Mauroy's speech...
DECENTRALIZATION. Mauroy confirmed that the government would dismantle the Napoleonic system of having the Minister of the Interior appoint the administrators of France's 95 regional governments. They would be replaced by locally elected assemblies...
...cheers of even many opposition members, Mauroy ended with a description of France's emerging foreign policy that in some ways appeared more staunchly pro-Western than that of former President Valery Giscard d'Estaing. The U.S. and the NATO countries, he said, were "in the first rank of our allies." At the same time, Mauroy sharply condemned the Soviet invasion of Afghanistan and warned against intervention in Poland-a statement that reduced the government's four Communist ministers, who had been applauding earlier remarks, to glum and awkward silence...