Word: outflowing
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...theater. The flown-in army units and F-4s are particularly suited to illustrate the point since they were permanently stationed in West Germany until last year. They were withdrawn at that time to the U.S. in order to reduce American military spending abroad, and thus help stem the outflow of U.S. gold reserves...
Actually, the French economy is not as sick as many Frenchmen seem to suspect. Owing to tight currency controls, the huge speculative outflow of francs has been stopped. Some $500 million in francs has returned to France in the past month. Furthermore, despite the franc's recent weakness, France still possesses some $3.5 billion in gold and foreign currency reserves plus nearly $4 billion in standby credits from the International Monetary Fund and her Western trading partners. Even so, the nagging worry remains either that the austerity program will bring on a recession or that runaway prices will force...
Deficit Expected. The U.S. needs an exceptionally high and rising rate of exports in order to balance its generous outflow of capital for imports, foreign aid, military aid, tourism and the like. Unless the nation achieves faster ex port growth/ it will not be able to bring its balance of payments into line, and the value of the dollar may be threatened. Though the U.S. payments ran slightly in surplus during the July-through-September quarter, much of this was due to such temporary factors as the turbulence in Czechoslovakia and France, which caused considerable European capital to flee into...
...single out some nation, or group of individuals, as responsible for the situation would be absurd. It is true that the lack of confidence in the franc can be traced directly to the May upheaval. It brought about a major outflow of gold, and the large pay increases demanded--and received--were the immediate cause of a cost increase bound to weaken France's international trade position. That line of reasoning can easily conclude in an indictment of French students and workers...
...Europe is a fact, and so is the political leverage that goes with it, whether exercised or not. Charles de Gaulle's defiant and determined effort to preserve the parity of the franc cannot mask the reality of France's diminished stature. In order to stop the outflow of francs, France is now sealed behind a monetary barrier, deprived of much of the economic freedom that De Gaulle has used in the past to act as arbiter of Europe and counterweight to West Germany. Nothing so underscored France's reduced position as the cancellation of next year...