Foreign News: End of the Cumul

What he had promised, last week Premier "Gastounet" Doumergue tried to do. Making full use of the extraordinary powers granted him by Parliament in February he drew up 14 emergency decree laws to balance the French budget, sent them to President Lebrun for signature. With them went a note:

"The stability of our financial situation has at present become indispensable to order in France and to order in Europe. If Parliament had not authorized exceptional powers to adopt these decrees it would have meant either bankruptcy or inflation and troubles which would be...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!