Word: pinay
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Then, proceeding to the Premier's study in the Hotel Matignon, Pinay stated his terms: unchallenged control in future over all of France's economic and financial affairs. Replied Debre stiffly: "There is no Pinay policy. There is only the policy of the government and the head of state...
...colonial empire with indecent haste, and disapprove of his Algerian concessions. Many Frenchmen, left to right, are nervous about De Gaulle's attitude toward the Western alliance. Appeals to la gloire are no longer enough to drown out all these objections. At the mere suggestion that Pinay might leave the Cabinet, shares on the Paris Bourse fell last week...
Plain-spoken Antoine Pinay, smalltown leather manufacturer who has made himself the living symbol of the Frenchman who carefully counts his change, has long been unhappy in his Cabinet job. He wanted to make quicker progress toward a settlement in Algeria; he deplored De Gaulle's disregard of his allies and his disdain for NATO. And Pinay made no attempt to disguise his personal dislike for Premier Michel Debre. On at least one occasion he so irked De Gaulle himself that the general accused Pinay of having forgotten "which republic...
...that, Pinay is by common consent De Gaulle's most effective minister. Executing plans drawn up by Economic Braintruster Jacques Rueff, he carried through-without the usual rapid and disastrous rise in prices-the devaluation that gave the franc a strength it had not enjoyed in international markets since 1936. Introducing economic liberalism into France's closed economy, he made the franc convertible, hacked away at government subsidies, even persuaded French business to abandon its traditional protectionism and go wholeheartedly into the Common Market. Heartened by the knowledge that Pinay was at the helm, wealthy Frenchmen repatriated massive...
Fortnight ago, Pinay took his objections to the public. Said he: "It is surprising enough that the present government should consider carrying out what are really socialist policies. But that I should be required to apply such a policy is altogether out of the question." And last week, before a showdown session with Debre, he said that he had no intention of going quietly: "If the government does not want me any more, it will have to issue a decree removing me from office...