Word: mitterrand
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...appearing in the newsmagazine Le Point this week shows that 52% of the electorate would vote for the leftist parties as against 44% for the center-right. One top Gaullist leader even believes that the left might well reach 55% by election time. If that happens, Socialist Leader Francois Mitterrand would almost certainly become Premier-and France would face the possibility of having Communists in Cabinet posts for the first time in 30 years...
Although the franc rallied last week, it continued its headlong flight abroad. Mitterrand claimed that 500 billion francs ($100 billion) have been illegally exported to Switzerland. Though the claim was exaggerated, more and more apprehensive citizens were getting their money out of the country or hoarding gold-the Frenchman's historical hedge against political uncertainty. Most popular were the one-kilo ingots (currently worth $5,738), which fit nicely under mattresses, and the small $62 Napoleon d'Or and minuscule $46 demi-Napoleon coins, which can be conveniently secreted-and transported -in the traditional sock. In the past...
...latest polls now indicating that the leftist opposition will win a 25-to 27-seat majority in the Assembly despite the breach between the Socialists and their erstwhile Communist allies, there is a real chance that France's next Premier will be Socialist Leader François Mitterrand. But since there is no Fifth Republic precedent for a leftist Premier and Cabinet working under a center-right President, there are grave worries that collisions over their deep policy differences could paralyze the government and sharply divide the country. Preventing such a development was clearly the aim of Giscard...
...left, predictably, was angered by Giscard's fusillade. Only 24 hours earlier, Mitterrand had told a national television audience that Giscard would debase the presidency if he engaged in partisan politics. Exclaimed the Socialist leader: "You cannot at the same time be a referee on the field and captain of the team." To which Giscard replied: "The President... cannot remain indifferent to the fate of France. He is at the same time a referee and someone with responsibility. His electoral district is France...
...work force); inflation, down a mere half-point since Barre took over 17 months ago, is still racing along at an annual rate of 9%, and the economic growth rate creeped at a sluggish 3%. The irony was that despite the falling out between Marchais and Mitterrand, the latest polls showed a 51% to 45% voter preference for the left. The two-phase elections, however, will not necessarily produce like results. Referring to Marchais's intransigence, a Socialist leader last week sized up the prospects. "If there is no electoral accord," said he, "the left will lose...