Word: socialists
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Difficulty was the recurring theme of the President's appeal. He acknowledged what he called "the expression of your worries" in the municipal of elections that had cost his Socialist-Communist coalition 30 major mayoralties only two weeks earlier. He conceded that the "realignment" of the franc added urgency to the question of whether his economic policies were "good for France." Not surprisingly, Mitterrand concluded that they were. Said he: "In several months over hard terrain we have achieved more social progress than France has seen in the past half-century." But, he said, the nation...
...there was ever a time when the French looked for a display of leadership, it was last week as President Francois Mitterrand addressed the country to explain the painful consequences of the French franc's third devaluation in 22 months of Socialist government. Speaking on nationwide television, Mitterrand faced a public also confused by a slow-motion Cabinet reshuffle in which, after days of hesitation and debate among his advisers, the President had anticlimactically reappointed Premier Pierre Mauroy, 54, to head a streamlined government composed of virtually the same faces. Considering the difficulty of his task, Mitterrand...
...would not be the man of the third devaluation of the franc," and who, during the municipal election campaign, had blandly assured voters that in the struggle for economic equilibrium, "the worst is behind us." A gifted and genial politician, Mauroy has had day-to-day control over the Socialist experiment since Mitterrand's election in 1981. Wrongly anticipating a worldwide economic upswing and applying economic theories that had by then been discredited in most industrial countries, the Socialists tried to spend their way out of recession. But unemployment continued to rise (from 7.2% when Mitterrand was elected...
...battle of Brussels, in fact, was an extension of a struggle that had been going on in Paris between two schools of economic policy within the Socialist Party: the moderate, internationalist "Europeans" and the leftist, often nationalistic "Albanians," as they were nicknamed derisively by their opponents, who accuse them of wanting to cut France off from the rest of the world, like Communist-ruled, isolationist Albania. The moderates argued that France must stay in the European Monetary System (E.M.S.), which requires every member to maintain the value of its currency within a narrow range against the others, even...
Mitterrand's decision to reappoint Mauroy involved a careful political calculation. Whatever his disadvantages, Mauroy is perhaps the one leader who can cajole the Socialist electorate into swallowing the bitter pill of belt tightening. He pushed through the unpopular wage and price freeze last year. For Mitterrand, there is also an advantage in having Mauroy absorb the unpopularity that the stringent new economic measures will generate. If Mauroy becomes too much of a drag on the party, the President can replace him before the next legislative elections, which are scheduled for 1986. Mitterrand thus has given Mauroy two years...