Word: socialist
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Dates: during 1980-1989
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...Chevalier, a professor of economics at the University of Paris Nord, finds his country's economy slowly improving but with great difficulty. Last year, he observed, was the third year since World War II that real personal disposable income declined in France. The others were 1980 and 1982. The Socialist government of President Francois Mitterrand, he said, is still paying for the illfated attempt to spend its way out of recession during its first year of power, in 1981. The gross national product grew by 1.5% last year, and Chevalier expects it to be just 1.1% in 1985. One reward...
...special "treaty of association." The proposal was a compromise over a vexing issue: although the Kanaks were the original inhabitants of the territory, 930 miles east of Australia, they represent only 42.5% of the current population of 145,000. In their fight for independence, the militant Kanak Socialist National Liberation Front boycotted territorial elections last November and set up roadblocks throughout most of New Caledonia. That show of defiance triggered bloody confrontations that left the island in a virtual state of siege...
...plan would lead to a Kanak takeover. Pisani declared a state of emergency throughout the territory, including a dawn-to-dusk curfew. In Paris, where Premier Laurent Fabius dispatched 1,000 fresh troops to New Caledonia, a political uproar was brewing. Right-wing opponents of President Francois Mitterrand's Socialist government joined the island's French community in denouncing the Pisani plan...
...move should be perceived largely as a signal to the industry that board directorships should not be awarded as honorariums. One of the great risks a capitalist society faces is the uncertain stability and credit worthiness of its banking institutions. By refraining from nationalizing the industry, unlike most European socialist countries, the United States is placing great faith in the management of individual banks. The FDIC must use the opportunity of Continental Illinois's brush with disaster to remind bank directors of the trust placed in them. (The FDIC had to wait until media focus shifted away from the bank...
...defended against American domination," says Jean-Jacques Servan-Schreiber, author (The American Challenge) and former Cabinet minister who heads the government's computer-development agency. "Now instead of being afraid of America, we are forging all possible links." Despite disagreements over Central America and Libya, Mitterrand's Socialist government has turned out to be among the Reagan Administration's best allies in Europe, supporting it on most East-West issues, especially the deployment of new NATO missiles...