Word: mends
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Economists, like other theologians, are mutually intolerant: Charles de Gaulle's Cabinet was no longer big enough to contain both of its respected doctors of finance. Minister of National Economy Pierre Mendès-France is a peppery proponent of controlled deflation, and Minister of Finance Rene Pleven, a suave supporter of controlled inflation. One day last week M. Mendès-France called on General de Gaulle, left his resignation. Two days later M. Pleven became Minister of National Economy and Finance...
Before he left for his home in the country-at Luoviers, where he is Mayor -M. Mendès-France unburdened himself of an earnest warning. The nation, he said, stood on the brink of a dangerous inflationary spiral. "Economic powers," particularly the Bank of France, had "brought to bear a strong, indiscreet but apparently most effective pressure" against his proposal for stern preventive measures. M. Mendès-France was sorrowful, not angry. He went off with the air of a doctor who expects to be called back...
...patient, meanwhile, did not seem sure which doctor she preferred. In general the leftist press regretted M. Mendès-France's departure. But it turned a not unhopeful face toward his successor. Said the resistance organ, Front National: "Your turn now, M. Pleven, to see what you can do. ... To you our hand...
Said Minister of National Economy Mendès-France: "Conditions now appear ripe for improvement." The curve of the national economy, which touched its nadir several weeks ago, is now rising. Shipping is no longer so scarce; for example, the port of Marseilles handles more than its prewar tonnage. Carloadings are up. The textile industry is gathering headway. By 1946 French agriculture will supply the nation's bread, the period of "repairs" will be over, the period of "getting started" will begin. And by 1948 the period of genuine "economic planning" can be launched...
...Minister Mendès-France skipped lightly over certain qualifying facts: Marseilles' tonnage is mostly for Allied military use; for almost two years before the 1946 harvest is in, the nation will have to import its bread. But France, tired of endless greys, welcomed the first rosy hues...