FRANCE: The Sick Man

"The French are constitutionally incapable of balancing their budget . . . The French government is moribund."

That was the gist of an unflattering report presented to the U.S. Senate by a group of American businessmen recently returned from Paris. French feelings were hurt: U.S. diplomats in France grumbled that such sweeping accusations do more harm than good. Yet few people in a position to know, in France or the U.S., seriously question the conclusion. France has become the sick man of Europe.

Since war's end, the U.S. has given or lent France a total of $10.5 billion. This comes to $3,000,000...

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