Word: pinay
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...month as Premier of France, wispy-looking Antoine Pinay, 60, had lost nine pounds. Most of it he lost preparing for the showdown that came last week over France's 1952 budget. He well knew that the budget had been the downfall of his two predecessors-René Pleven and Edgar Faure. They tried to balance the budget by taxing more; he proposed to do it by spending less. His simple suggestion had a staggering success...
...Chamber of Deputies one evening Premier Pinay, a newcomer to the political big time, went straight to the heart of France's economic turmoil. "Currency," he said, "is the image of our country. As soon as the franc recaptures its position, France will return to its former rank." To restore the franc-and France-Pinay demanded ten different votes of confidence. He got them, all in one night-a new record. His plan...
...Hero. His amnesty proposal provoked the most serious opposition. Self-righteous Communists denounced it as "immoral"; Gaullist Deputy André Diethelm called it "a pact with the devil." Pinay fought back. From his notes in a big cardboard folder he drew some startling statistics. Example: French peasants and the petit bourgeois have hoarded more than 15 times as much gold as there is in the Bank of France. The obvious reasons: 1) Frenchmen distrust their own paper currency, which seems to buy less every day; 2) many wealthy Frenchmen have avoided paying taxes for so long that they no longer...
France's Communist L'Humanité last week called Letourneau "the fierce advocate of a fight to a finish in Viet Nam." As such, he is the best guarantee of the Pinay government's intention to yield neither to the Communists nor to parliamentary critics who want France to cut her $3,000,000-a-day losses in Indo-China and concentrate her military effort on defending the homeland and French North Africa...
...World War I veteran (with the Médaille Militaire and Croix de Guerre), Antoine Pinay was one of the 569 French parliamentarians who voted state powers to Marshal Pétain at Vichy in 1940. But Pinay managed to avoid collaborationist charges by his excellent record as wartime mayor of Saint-Chamond in the Loire. He operates a tannery in the Rhone town of Saint-Symphorien-sur-Coise. It was the conservative look of Premier Pinay which attracted the Gaullist right wing...