Anatomy of the French Crisis

Burnham, James
October 1977
National Review;10/28/1977, Vol. 29 Issue 42, p1224
The article discusses the failure of the planned revision of the Common Program of the French Common Front of the Communist Party, Socialist Party and small Left Radical Party. In 1977, the Communists urged for the revision of the Common Program in preparation for the National Assembly election due in March 1978. But the Socialists were not eager to tamper with it. The original Common Program contained a sizable dose of nationalization, enough to send the Paris stock market into an agonized slump when the polls showed the Front leading. it called for completing the nationalization of the nine primary economic sectors, including the banks.


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