FRANCE: Quick Crisis

In Paris the social reforms, devaluation and so-called "New Deal" introduced by Socialist Premier Leon Blum were giving his Cabinet racking headaches last week, for Finance Minister Vincent Auriol was spectacularly running short of cash, so short that with much trepidation he was getting up his nerve to launch a 10½ billion franc (about $480,000,000) Government loan.

Like the Roosevelt New Dealers, who are loudly praised by Premier Blum on frequent public occasions, the present French coalition of Communists, Socialists and Radical-Socialists take a confident view of themselves as much holier...

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