The Changing Face of France

The Changing Face of France

Once the Socialist Francois Mitterrand assumed power, the catchword “transformation” swept France. The term is rather apt, for since Mitterrand’s victory there has been a wave of reforms. The new Socialist cabinet has been tackling several important tasks at once. It has nationalized a number of the nation’s largest companies, including virtually all banks and savings and loan associations. (These nationalizations have met stiff resistance from the conservative right a...


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