Word: socialistic
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...page editorial. "For more than 20 years the same family, in spirit, had been in power. A large part of the country, particularly the underprivileged classes and the youth, will finally feel, we hope, that it is better liked, better understood and better protected." Virtually no one, apart from Socialist and Communist idealogues, saw the leftist victory as a sign of popular support for Mitterrand's nationalization and economic reform program. Rather, as Journalist Jean-François Revel put it, Giscard's "strange defeat was due to the most common illness among those who exercise power...
...Keynesian government intervention seems to belong to an outmoded 1960s-style of economic tinkering that has failed wherever it has been tried. Mitterrand seems to be marching to a distant and offbeat drummer and in the wrong direction. "This [nationalization] project," writes Historian Raymond Aron, "bears witness to the Socialist Party's archaic ideas." Says a prominent French banker: "The French don't do anything like other people. At the moment when all the great countries of the world turn away from socialism, the French at last sign a seven-year lease with a Socialist...
...disappointed Giscard thus shelved his plans for a new party. Instead of running for a lowly parliamentary seat, he decided to withdraw to his country estate, much as De Gaulle did in 1946. The defeated President was hoping that a taste of chaotic Socialist government would make him what he calls "the most popular man in France," and pave the way for an eventual return to power. "Giscard is like a woman who has been rejected," says a confidant. "He can't try to impose himself. He has to wait for the call...
...European Communist Party. The President-elect strongly denounced the Afghanistan invasion and, as one senior British diplomat observed, "has no illusions about Soviet motivations and intentions." Pravda, which praised Giscard's commitment to detente and was openly rooting for him in the election, lamented last week that the Socialist leader would probably adopt the " 'tough positions' of the Western side...
...effect on the EC will be a weakening of the predominant Paris-Bonn axis, which depended on the close personal relationship of Giscard and West German Chancellor Helmut Schmidt. The Chancellor was said to be shattered by Giscard's fall. He sent a formal congratulatory telegram to fellow socialist Mitterrand, whom he barely knows, but personally telephoned condolences to his defeated conservative friend...