Word: socialists
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...sortie rankled European governments as well. Most ruffled were the French, who supplied the Iraqis with the reactor, who lost a technician as the only reported casualty of the raid and whose newly elected Socialist President, François Mitterrand, had declared his willingness to strengthen ties with Israel. Said French Foreign Minister Claude Cheysson: "I am saddened. This government has a great deal of sympathy for Israel, but we don't think such action serves the cause of peace in the area." In her typically blunt fashion, British Prime Minister Margaret Thatcher summed up the view of many others: "Armed...
...spring rain. At the behest of France's new President, François Mitterrand, the country plunged last week into its second election campaign of 1981, a lightning, three-week blitz to elect a new National Assembly, one that Mitterrand fully intends to see reflect his own Socialist image...
...good start," declared Labor Leader Edmond Maire, head of the Confederation Française Démocratique du Travail. But the prospect of a Socialist majority in parliament sent many investors running for cover. The Paris Bourse dropped eight points last week, steepening a slide that had decreased overall values 26% since Mitterrand's election...
...wane in Great Britain, but unemployment could rise to 12% or 13% by the end of 1981. Last week some 60,000 people gathered in London's Trafalgar Square to climax a monthlong unemployment protest. Public spending is expected to jump sharply in France under newly elected Socialist President Francois Mitterrand, who took the first step in that direction last week when he raised the minimum wage by 10% (to $503 a month) and increased outlays for other social benefits...
...great unknowns now hanging over the European economies is the future of French business after the election of Mitterrand. Board members generally doubted that the new French President would rush to fulfill his socialist program. The harsh reality of trying to run a fragile economy will be very sobering. Said Tumlir: "We are gradually emerging from a silly political season to some better understanding of the political conditions necessary for economic prosperity. Recovery always begins with a hangover." Even Italian Communists, said Giersch, are coming to the conclusion that it is "medium-size private enterprise that is really doing...