• Short Summary

    VARIED REACTION - FROM OUTRIGHT PESSIMISM AND DOUBTS, TO UNQUALIFIED SUPPORT - TODAY (SUNDAY) GREETED PRESIDENT DE GAULLE'S ANNOUNCEMENT OF AUSTERITY MEASURES BEHIND A PROTECTIVE WALL OF CURRENCY EXCHANGE CONTROLS TO HELP IN THE FIGHT TO SAVE THE FRENCH FRANC.

  • Description

    VARIED REACTION - FROM OUTRIGHT PESSIMISM AND DOUBTS, TO UNQUALIFIED SUPPORT - TODAY (SUNDAY) GREETED PRESIDENT DE GAULLE'S ANNOUNCEMENT OF AUSTERITY MEASURES BEHIND A PROTECTIVE WALL OF CURRENCY EXCHANGE CONTROLS TO HELP IN THE FIGHT TO SAVE THE FRENCH FRANC. FULL DETAILS OF THE PRESIDENT'S MEASURES ARE EXPECTED TO BE RELEASED IN THE NEXT FEW DAYS, BUT THEY DO INCLUDE TAX CONCESSIONS TO HELP BOOST EXPORT INDUSTRIES, AND RESTRICTIONS ON WAGE INCREASES, COUPLED WITH A HOLD ON PRICES. THE FRENCH PEOPLE ALSO RECEIVED THE ANNOUNCEMENT WITH MIXED FEELINGS.

    THE PRESIDENT, SPEAKING IN A NATIONAL RADIO BROADCAST, SAID THE 1969 BUDGET WOULD BE CUT SO THAT THE EXPECTED DEFICIT WOULD BE REDUCED FROM ABOUT GBP1,000 MILLION STERLING TO UNDER GBP570 MILLION STERLING.

    HE WARNED THAT THIS WOULD MEAN CUTS IN GOVERNMENT SPENDING ON PUBLIC SERVICES AND SUBSIDIES TO NATIONALISED INDUSTRIES, AND A REDUCTION "IN OUT PRESENT AMBITIONS REGARDING CIVIL, MILITARY AND UNIVERSITY EQUIPMENT".

    THE 78-YEAR-OLD LEADER LAID THE BLAME FOR THE CRISIS ON THE STRIKES OF MAY AND JUNE AND THE COST OF THEIR SETTLEMENT. HE EXPLAINED THAT FRANCE HAD REFUSED TO DEVALUE BECAUSE SHE HAD ALL THAT WAS NECESSARY TO COMPLETE THE RECOVERY THAT HAD BEGUN.

  • Tags

  • Data

    Film ID:
    VLVA4ZI8WMRFTLP5WBSF0PCATV8HP
    Media URN:
    VLVA4ZI8WMRFTLP5WBSF0PCATV8HP
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    24/11/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:54:00
    Time in/Out:
    /
    Canister:
    N/A

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