FRANCE: Put Out No Flags

Rare is the day when the Finance Committee of the French National Assembly has a good word to say about "the Finance Minister. Last week the committee broke into applause as Finance Minister Antoine Pinay finished his report. He had good news: France is economically healthier than it has been in three decades. Spurred by last December's 17.5% devaluation of the franc, exports are now almost high enough to match imports, producing a tidy surplus in the balance of payments. Industrial production is on the way up again. The government has cut...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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