Word: patronat
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Dates: during 1960-1969
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...recent economic stagnation resulting from De Gaulle's anti-inflationary program. The French economy is growing only half as fast as last year-2.6% v. 5.3%. A government freeze on industrial prices and a clampdown on credit has held back private investment. Complains Georges Villiers, president of the Patronat, French equivalent of the National Association of Manufacturers: "For a year now, the increase in private investment has been almost nil. The government is concerned about it, but has not yet taken adequate measures." What businessmen want is for the government either to lift the freeze on prices...
...trumpet or try to exploit the vulnerability of the dollar, he has been strangely silent about mounting economic problems at home. Other Frenchmen are less reticent. Premier Georges Pompidou admits that the French economy has shown "a certain slowing of growth, even a stagnation of production." The usually docile Patronat-French equivalent of the National Association of Manufacturers-is so disturbed by the letdown that it has formally criticized government economic policies for the first time in memory. In Paris recently, a cartel of steel producers met to survey France's economic horizon, agreed to reduce steel production...