FRANCE: Swap

With only a few days left before the French Chamber reconvenes November 15, Premier Edouard Daladier, whose decree powers expire on that date, last week cut a poor political figure by suddenly swapping one basic economic program for another.

He had permitted Finance Minister Paul Marchandeau to draft a program for extracting France from her financial difficulties by drastic measures of "exchange control" and "guided economy." Former Premier Leon Blum cracked: "I would laugh if it were the time to laugh!" For what Paul Marchandeau had not wanted the Blum Left to...

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!