FRANCE: Free Trade?

In three days and nights of aggressive debate, the Senate and Chamber of France finally authorized the radical Cabinet of Premier Leon Blum to reduce the value of the French franc 30% last week, but at every stage of the debate Socialist Blum was served notice that Parliament had given him no monetary free hand such as the U. S. Congress gave President Roosevelt at the time the dollar was devalued (TIME, Feb. 12, 1934).

Devaluation and "alignment" of the franc at about 21 to the dollar and at about 101 to the...

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