Word: pinay
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...Kennedy endorses the project and persuaded Lodge to take the post; U.S. representatives on the institute's board of governors include U.N. Ambassador Adlai Stevenson and former Secretary of State Christian Herter. Among distinguished European members are its chairman, Paul van Zeeland, a former Belgian Prime Minister; Antoine Pinay, a former French Prime Minister; and Paul-Henri Spaak, former NATO Secretary-General. On an initial budget of $350.000, contributed mainly by in dividuals, foundations, industry and trade unions, the institute will carry out research, sponsor conferences, act as an information clearinghouse. Among the institute's assignments: to find...
...handle a
proportionately greater volume of U.S. stocks than other European
exchanges, prices first fluttered, but have begun rapid recoveries. In
Paris, prices are down, but the reasons have little to do with Wall
Street. The confidence of investors was badly shaken by the resignation
of Finance Minister Antoine Pinay (TIME. Jan. 25), has been further
weakened by the slow progress in ending the Algerian crisis.
...More Games. By naming Wilfrid Baumgartner to Pinay's old job, De Gaulle adroitly sought to reassure France's business community that the Fifth Republic was not about to plunge into economic statism. Member of a famed French Protestant family, Baumgartner won the coveted title of inspecteur des finances at 27, has long been known as a "sound-money" man. He said that he had "formal assurances" that he could continue the policies "now underway...
...also a lifelong economic technician without political experience, who took the job "without joy," is less likely to stir up Cabinet debates than Pinay. His appointment was a clear sign of the way the De Gaulle government is trending. Fired up once again with his old contempt for "political games," De Gaulle was steadily cleansing his government of men with independent political strength, replacing them with technicians who are able-but technicians...
After the big event, the resignation of Finance Minister Antoine Pinay (see FOREIGN NEWS) was bumped into second null to make room for frantic conflicting accounts of the Bardot issue: 'Blue eyes and black hair" (Le Figaro). 'blue eyes and brown hair" (Paris-Presse), 'brown hair and yellow eyes" (Brigitte's secretary). Afterward, as the spent corps converged on the Royal Passy Café near Brigitte's home, where Papa Charrier was serving champagne, two newsmen collapsed from exhaustion and someone poured beer over their heads. With cruel disregard for the photographers who had camped...