Word: mitterrand
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...Avoid the temptation to take a victory lap abroad on Air Force One, even though visiting with Francois Mitterrand looks a lot more pleasant than dealing with honeymoon-pooper Bob Dole. At least wait until the GDP surpasses 2.7% growth...
Politically powerful Community farmers -- 11 million strong out of a total population of 340 million -- are fighting a remarkably effective rearguard action. Nowhere is their clout more in evidence than in France. With good reason, President Francois Mitterrand fears that giving in to the U.S. will inflame the truculent farm lobby and damage his faltering Socialist Party's prospects in legislative elections next March. Luc Guyau, president of the French federation of farmers' unions, warns that the French President had better stay his course. "We will put ourselves in the front lines," he says...
...from Europe -- unless the E.C. agrees by Dec. 5 to extraordinary cuts in subsidies that encourage production of oilseeds. In the U.S. view, these subsidies unfairly limit export sales of American soybeans. But France is trying to stall any such reductions until after parliamentary elections in March. President Francois Mitterrand's Socialists face defeat as it is, but the anger of farmers with reduced incomes might cost them even more votes and seats than expected. Reasoning: it's better for a successor center-right government to reduce subsidies further and face farmer fury...
...currency traders who knocked the British pound and Italian lira out of the E.C.'s monetary system two weeks ago displayed their own doubts about the future by selling off French francs in favor of German marks. French President Francois Mitterrand and German Chancellor Helmut Kohl, after conferring in Paris, vowed to work together, and their central banks jointly supported the franc...
...Jacqueline Autef, whose tobacco shop is around the corner from Monnet's old house, such promises ring hollow. Once the most powerful nation in Europe, France may worry about its eclipse by Japan, the U.S. or Germany. Autef, 53, feels insecure on a more basic level. "I voted for Mitterrand in 1981 because he promised to reduce unemployment," said the tobacconist, who supports an ; invalid husband. "But today 3 million French are out of work. My neighbor committed suicide when he lost his job. Families are shattering." Whether stung by France's 10% jobless rate, by recession in Britain...