Word: premier
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When conservative Jacques Chirac became Premier of France in March, the heads of the country's state-owned corporations knew that their days at the helm could be numbered. Chirac had pledged that he would carry out a sweeping program of denationalization. Observed an executive at a government-controlled bank: "Rather fewer decisions have been made lately. There's no sense in crawling out on a limb that you know is going to be sawed...
Last week Chirac ended the suspense: he replaced the heads of twelve large banks, insurance companies and industrial groups. These firms are among 65 that he hopes to sell to private investors. The Premier apparently believes that new management will help the companies make a smooth break with the state...
...result is an astonishing array of premier players. Lendl is backed up by Mecir (worldwide pro ranking, 20), Milan Srejber (32), Tomas Smid (35) and Pavel Slozil (85); fourth-ranked Mandlikova's teammates include Sukova (7), Andrea Holikova (78) and Regina Marsikova (79). In return for a passport, each of the athletes has agreed to clear participation in tournaments with the board, pay 20% of after-expense prize money to the federation, and kick in an additional $3,000 annually to defray travel expenses for junior players...
Bastille Day is traditionally a day for the French to put aside their % differences. But no sooner had Socialist President Francois Mitterrand and conservative Premier Jacques Chirac finished their review of the military parade at the Place de la Concorde last week than Mitterrand issued the sharpest challenge yet to the conservative government with which he has uneasily shared power since March...
That was undoubtedly true, but also without precedent is the delicate arrangement known as cohabitation, by which the leftist President and the rightist Premier are sharing the task of ruling France. Under the Fifth Republic, which was established in 1958, governing powers are split between the two posts. That was not a problem as long as both men came from the same party. But after the conservative coalition won the March elections and took over the Cabinet, opposing politicians had to start ruling together...