Word: schuman
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Dates: during 1940-1949
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...Fund, to which both Britain and France belong, was set up to place some controls over governmental currency manipulations. Despite the objections of both the Fund and London's Chancellor of the Exchequer, Sir Stafford Cripps, Premier Schuman's government decided that this hand had to be played alone if necessary because of the fall in exports. The squabble will not help ideas of West European unity along in the face of the worst economic crisis since 1932. But the worst blow will be dealt to the hope that the bank would replace the economic law of the jungle with...
Liaison & Action. That same day Premier Robert Schuman's new inflation remedy, the "supertax" on incomes over 450,000 francs ($3,798), became law when it was rubberstamped by the toothless Council of the Republic (upper house of the legislature, replacing the old Senate). Communists and Gaullists in the Assembly had been against the supertax. Now this formidable new grouping of the classes moyennes, most of whose people were probably Gaullist voters or sympathizers, was out to do battle against...
...smart young women in furs sat next to seedy old men in skullcaps. A young blonde who had a perfume shop near the Trocadero told a reporter that her hat had cost 28,000 francs ($235) at Lanvin's. She sat, vibrating with anger, until a speaker mentioned Schuman's Finance Minister René Mayer, whereupon she stood up, brandished her fist, and shrieked: "That man is an idiot! Let's have some action...
This was revolt, almost. Premier Schuman, beset from left & right, knew that his government could not survive a sustained revolt of the bourgeoisie. Conferences were quickly arranged between Gingembre and Finance Minister Mayer. M. Schuman announced that the government would try to cut the budget...
Even middle-roading Assemblymen thought this was too strong. The government offered a compromise figure of 125 billion. M. Schuman, in effect, issued an ultimatum: take it or leave it. He forced a vote of confidence on the issue. M. Schuman won; his bill was passed. On each of five separate amendments, the Assembly voted for the Premier. His majority was not large, but it never fell below 33 votes...