Word: mitterrand
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...week ended, leaders from all over the world gathered in Cairo to pay final tribute to Anwar Sadat. Francois Mitterrand and Helmut Schmidt were there, as were Prince Charles, Begin and Sudanese President Gaafar Nimeiri...
France. President Mitterrand, who desperately wants to keep unemployment, now 7.7%, below the politically volatile 2 million (8.3%) mark, has embarked on a course diametrically opposed to Thatcher's. He is boosting government spending in order to reach an annual growth rate of 3% next year, vs. .5% now. The 1982 budget unveiled last week calls for 61,000 new jobs to be created in such public service areas as health and education in addition to the 54,000 already funded for 1981. At the same time, the retirement age will be lowered from 65 to 60, the work...
Europe's leaders have reached no consensus on what should be done about the crisis. Most countries are somewhere between Thatcher's monetarism and Mitterrand's Keynesian approach, a distance too great to allow for common policies. One of the more imaginative, if long-range, concepts is the plan of French Foreign Minister Claude Cheysson, to press for sharp increases in aid to the Third World. This would generate demand for European products and therefore new jobs. Aid would mean trade...
...path anyway due to high interest rates. The flamboyant statements made by Granville simply gave it a kick in the seat of the pants on the way down." Issues traded on the Paris stock exchange have moved uncertainly since before the May election of Socialist President François Mitterrand, who has a program calling for wholesale nationalization of French banks and industries...
Critics of Mitterrand's nationalization program claim that Renault is a special-and lucky-case. First, unlike many of the firms that the government now plans to take over, Renault was making money when it was nationalized...