France: De Gaulle's Glass House

While Charles de Gaulle has not hesitated to trumpet or try to exploit the vulnerability of the dollar, he has been strangely silent about mounting economic problems at home. Other Frenchmen are less reticent. Premier Georges Pompidou admits that the French economy has shown "a certain slowing of growth, even a stagnation of production." The usually docile Patronat—French equivalent of the National Association of Manufacturers—is so disturbed by the letdown that it has formally criticized government economic policies for the first time in memory. In Paris recently, a cartel of steel producers met to survey France's economic horizon, agreed...