FRANCE: Fugitive Francs

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The fugitive franc is fast becoming a political issue in the election campaigns. The leftist coalition has promised to halt the flow of French capital abroad—a threat that merely sends more money than ever rushing across the border. It has also vowed to crack down on tax evasion, an issue that is not of much help to the Gaullists these days. Last week the wife of a tax inspector who has been charged with fraud insisted that the government look into the income tax returns of three former Cabinet ministers. The politicians promptly sued for libel, but even the cautious Paris daily Le Monde felt compelled to ask for an investigation of "this affair, which is not only dangerous for the Gaullist majority, but discredits the regime and besmirches the state."

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