Word: mitterrand
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...political fortunes was unexpected and, like so many events that have preceded it, open to many interpretations. But if Gaddafi does indeed pull out all his troops, it would clearly be a triumph for the diplomatic tactics of the Socialist government of France's President François Mitterrand...
...news that the Libyans were beginning to leave came as Mitterrand was acting as host to a meeting in Paris of more than 30 African leaders, including a dozen heads of state. Encouraged by Mitterrand, the conference unanimously endorsed a resolution appealing to African states to help set up a multinational African peacekeeping force to move into Chad and to help rebuild the country's army...
Restoring peace to Chad will be a formidable task for Mitterrand and his African allies. A vast country, over twice the size of France but with a population of only 4.6 million, Chad has been torn by a civil war between the Muslims of the north and the black Christians of the south for the better part of two decades. That struggle ended, at least temporarily, in March 1979, when Muslim guerrillas, armed by Gaddafi, finally succeeded in overthrowing President Felix Malloum, one of the two black Christians who had run the country since it gained its independence from France...
...issue was the future of the second largest bank on Mitterrand's hit list, the dynamic Compagnie Financière de Paris et des Pays-Bas (Paribas), with assets of $52.2 billion in 1980. After his election last May, Mitterrand expected companies and banks targeted for nationalization to refrain from transferring assets out of the country. But he never made it illegal for them to do so. Seizing on that loophole, Paribas reduced its stake in its Swiss subsidiary, Paribas Suisse S.A., from 72% to less than 50%, thus allowing other interests to gain control. While this was going...
...rookie government of Francois Mitterrand, the incident served as a brutal introduction to the multinational league. Last week Paris hastily plugged the loophole through which the bankers had slipped some of the brightest jewels in the Paribas crown...