Word: mitterrand
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...Mitterrand's comments on foreign affairs were obviously designed to project a moderate image. In an interview with New York Times Columnist James Reston, the first Mitterrand has given since his election, he enunciated a world view much like Giscard's and, on the subject of East-West relations, delivered opinions not far removed from Ronald Reagan's. Mitterrand condemned the Soviet Union's deployment of medium-range SS-20 missiles and supported the Camp David accords between Israel and Egypt. At the same time, Mitterrand outlined policies sure to raise hackles in Washington: French support...
...Great Britain, but unemployment could rise to 12% or 13% by the end of 1981. Last week some 60,000 people gathered in London's Trafalgar Square to climax a monthlong unemployment protest. Public spending is expected to jump sharply in France under newly elected Socialist President Francois Mitterrand, who took the first step in that direction last week when he raised the minimum wage by 10% (to $503 a month) and increased outlays for other social benefits...
...great unknowns now hanging over the European economies is the future of French business after the election of Mitterrand. Board members generally doubted that the new French President would rush to fulfill his socialist program. The harsh reality of trying to run a fragile economy will be very sobering. Said Tumlir: "We are gradually emerging from a silly political season to some better understanding of the political conditions necessary for economic prosperity. Recovery always begins with a hangover." Even Italian Communists, said Giersch, are coming to the conclusion that it is "medium-size private enterprise that is really doing...
Jean-Marie Chevalier, a professor of economics at the University of Paris Nord, suggested that Mitterrand's ascendancy will in no way amount to the forced socialization of the French economy. Said Chevalier: "Most of the decisions will be taken very slowly." If all the industries slated for nationalization by Mitterrand during his presidential campaign are in fact taken over, the amount of state control of industry would rise only from about 12% to just...
...Mitterrand's first economic goals will be to increase the purchasing power of low-income families; cut unemployment among young people; and experiment with budget busters like paying women a wage to stay at home, rear children and stay out of the labor force. But even Chevalier admitted he does not know what lies ahead. Said he: "We do not know what sort of things can change, but the French economy, the French administration and the French people needed some sort of change. They were fed up with the rigidity of the economy...