Out of France came a flood of reports that the franc, none too firm on its pegged legs, is to be devalued. The French Government denied all these reports, indignantly denounced them as "disturbing." But there were plenty of other reasons for the French to be disturbed about the delicate health of the franc. The main fact was the De Gaulle Government is still attacking the tough problem of French inflation in piecemeal fashion, has as yet had little success.

The fiscal problem which the French inherited from the Nazis is big. Under the occupation, the Nazis flooded the country...

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