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Having survived 33 appeals for confidence and nearly 16 months in office, Premier Guy Mollet trod his way to the end last week with a certain nonchalance. "No regrets," he told one of his executioners, "now I can take a rest. They can nail me up on the wall like a trophy, but I won't be used as a doormat." In his conduct of the war in Algeria the militancy of Mollet's patriotism had offended the left, and now that the war bill had to be paid the right was appalled by his Socialism...

Author: /time Magazine | Title: FRANCE: The Big Knife | 6/3/1957 | See Source »

Soak the Rich. Having already borrowed the legal limit from the Bank of France and hoping to borrow more to offset the government deficit, Mollet had encountered Bank of France Governor Wilfrid Baumgartner, conscientious keeper of the country's precious bullion reserves. Said smooth, silver-haired Baumgartner: "I want collateral-taxes. And quickly." Mollet's answer: a soak-the-rich tax program that hit corporation earnings, dividends and inventories, added four francs per liter...

Author: /time Magazine | Title: FRANCE: The Big Knife | 6/3/1957 | See Source »

Deputies remembered that a year ago Mollet had forced through a 105 billion franc program of old age pensions and paid vacations and still had a proposal to socialize medicine on his books. The temptation was too great to resist: in the constituencies a vote against Mollet on the budget would not be a vote against the Algerian war (which most Deputies favor) but a vote against high taxes and against Socialist experiments...

Author: /time Magazine | Title: FRANCE: The Big Knife | 6/3/1957 | See Source »

...execution was carried out with the utmost consideration for the victim, for in his term in office schoolmasterly Guy Mollet had won national popularity. "We cannot give you our confidence without betraying our voters," apologized Farmer Deputy Joseph Cadic. Mollet caught the drift, sighed: "Oh well, 'twill be an amusing end. After overthrowing us, people will come to tell us how much they really like us and how courageous we have been...

Author: /time Magazine | Title: FRANCE: The Big Knife | 6/3/1957 | See Source »

...Boycott for better terms. ''Little by little all our friends are walking out on us in felt slippers . . . even Britain, our comrade in misfortune last November," sighed France's L'Economie. But the show of outrage put up by France's Premier Guy Mollet had more to do with internal politics than foreign policy. French shipping interests were no more eager than the British to lose business to other nations or to "flags of convenience...

Author: /time Magazine | Title: Foreign News: Through & Around Suez | 5/27/1957 | See Source »

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