Word: pinay
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...time-honored French sport of tax-as-tax-can, the government has historically been a heavy loser. But eight months ago, as part of a campaign called "Operation Embarrassment," French Finance Minister Antoine Pinay opened the nation's previously secret tax records to public scrutiny, was soon inundated by anonymous letters from citizens who wondered how their neighbors could afford a new car on an income of $600 a year. Last week came the payoff: picking up their evening papers, three French businessmen and an elderly widow found themselves the subjects of headline stories branding them as consistent...
...interpellations (questions in debate). The technique was to pop a question at a minister, then toss in a series of motions, and demand a debate and a vote on every single one of them. As perfected in the 1952 debate that stymied the Tunisian reform program of Premier Pinay's government, this method of ministerial massacre has been known ever since as " Tunisification...
Rare is the day when the Finance Committee of the French National Assembly has a good word to say about "the Finance Minister. Last week the committee broke into applause as Finance Minister Antoine Pinay finished his report. He had good news: France is economically healthier than it has been in three decades. Spurred by last December's 17.5% devaluation of the franc, exports are now almost high enough to match imports, producing a tidy surplus in the balance of payments. Industrial production is on the way up again. The government has cut its heavy budget deficit (caused largely...
...flags," cautioned Pinay. "All this is very fragile. Patience!" But he could not resist flying to Washington this week to announce proudly that France will pay up $118 million of its $2 billion debt to the U.S. before...
...business elsewhere. Said one: "I like your business, M. Leclerc, but every time I sell you 1,000,000 francs worth of goods, I lose 30 million in canceled orders elsewhere." When things looked black, Leclerc's plight came to official attention in Paris. Economic Minister Antoine Pinay and other high officials saw in his crusade a way to raise French living standards without causing an inflationary wage increase, which they knew would only be soaked up in higher prices. The De Gaulle government used its emergency powers to pass a law making it a six-month jail offense...