Word: val
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...race is the more nerve-racking because the government has chosen to run it slowly. President Valéry Giscard d'Estaing has entrusted direction of the economy to a respected but politically inexperienced professor, Raymond Barre, 53, whom he named both Prime Minister and Finance Minister in August 1976. The jovial, rotund Barre, who likes to describe himself as "a square man living in a round body," wrote the textbook used most often in French economics classrooms. Since he moved to his offices at the Hotel Matignon, Barre has applied textbook economics to France's problems...
...king dom. But he had already sown the seeds of the horrors that Forbath later witnessed following Congolese independence in 1960. Instead of preparing its onetime col ony for self-rule, Belgium simply cut the Congo loose on six months' notice. The Belgian departure left a vacuum that ri val factions rushed to fill, touching off further bloodbaths...
Many European governments are thus under enormous pressure to seek higher growth. Citing "the preoccupying problem of unemployment," French President Valéry Giscard d'Estaing last week announced a $1.1 billion infusion of government spending for public works and family allowances, the second stimulative effort this year. Britain's trades unions are pressing Prime Minister James Callaghan for a large "catchup" pay boost and a major expansion program to create jobs. Even wealthy West Germany, which has sorely disappointed the rest of Europe (as well as the Carter Administration) by failing to push very hard...
Begin's visit to the U.S. last July erased many remaining apprehensions. In Washington, he got along well with Carter and congressional leaders; in New York, he impressed leaders of the Hasidic Lubavitcher sect, the Central Conference of American Rabbis and several other groups. Says Miamian Val Silberman, national vice chairman of the United Jewish Appeal: "Everyone went away feeling good about him." Israeli Defense Minister Ezer Weizman told TIME Jerusalem Correspondent David Halevy that Begin's main and "probably only real success in the U.S. was to unite American Jewry behind him and Israel...
Paris, March 1978. A Socialist-Communist alliance wins control of France's National Assembly; crowds dance in the Place de la Concorde . . . President Valéry Giscard d'Estaing reluctantly names Socialist Party Chief François Mitterrand as France's Premier ... Communists get four of the 19 Cabinet posts, becoming the first party members to gain power in Western Europe since the 1940s . . . Transition appears smooth at first, but then...