Oldal 4 [4]
OCR
HOW VT BZ BT I oS "Tar vil ef #9 fa © is . What appeals in Pinay first of all is his simple and honest economic good sense. His campaign for saving the Franc is that way. And confidence is already returning. Despite the screams of all politicians he dares to compress the budget. He dares to call for a loan for those things that must be built as a lasting investment. He gives an amnesty for all past economic sinse The result is, that on the black market the Franc in relations to the Doliar rose’ from 450 to 400 in a relatively short time. The price of gold has dropped even more. And in his campaign for lowering the prices he has been successful for the first time since the liberation at reversing the trend, And all this in a few weekse With that, so far, few compulsions have been used. Pinay talks with producers, studies their needs, tries to gain their consent for the lowering of prices, The party-press, tries to hamper his efforts. They demand results within dayse They forget, or want to forget, that they never were able to achieve anything of the kind, They also try - egpecially the Socialists - to make the people forget, that economic changes take a long time § and that the re= versal of trends alone is elose to miracle already. The result of this policy, coupled with Pinay's refusal to increase taxes, is already, that public confidence is rapidly returning. The French loans are rising on the stock-exchange. With that, there is still a great potential left. After all, France has today in private hands more gold than it ever had. Private fortunes today in France are greater than they ever were 3; a bankrupt state faces a wealthy nation, If Pinay, and he is confident he can, is able to bring public confidence back, the inherent wealth of the country will return to work and will save by its om strength the countrys And this is getting under way rapidly, as ali the reports indicate, which pour into Paris from the Provincese But this is just the beginning of the “expérience Pinay". The Premier knows, that if the economy is getting sounder by the hour, the political conditions leave much to be said. The governemental instability, the structural wealmess of the Fourth Repub= lie is one which has to be remedied. Fundamentally Pinay believes in constitutional changes, but he feels that to achieve them with success one has to wait for those economic improvements, which, in giving the salaries back their value, will create more wellbeing and hence more tranquillity. But the plans are already under elaboration, In the same sense Pinay prepares for a large amnesty to put an end to the present discriminations. He is pushed to that by his friend Flandin, who continues to advise ahd help him from behind the sceneSe
