Business: France Bids Adieu to Controls

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The success of Barre's strategy will depend largely on France's managers. To make sure they do not take undue advantage of their new freedom, Barre is adopting a tough antitrust policy that will encourage more competition, especially from abroad. At the same time, to avoid political problems as inflation temporarily accelerates, he has promised that workers' wages this year will rise at least as quickly as prices. That commitment carries a risk: the resurgence of a wage-price spiral that would be hard to break. As Barre's former students know, inflation is always easier to trigger than to control.

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