Word: satellitesâ
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Dates: during 1932-1932
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...Cabinet faces a budgetary deficit '(estimated between $120,000,000 and $160,000,000), despite the fact that French gold stocks run a close second to those of the U. S. Much of this deficit France has incurred by "political loans" to countries which are her satellites???a state of affairs which the Bank of France was brusquely curbing last week (see p. 18). With unemployment severe, but less so than in other Great Powers, and with French thrift bulwarking the private citizen for some time to come. Premier Herriot could & did turn the first thoughts of his Cabinet toward...
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