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Economy / France / International System #561

ABC Evening News for Monday, Nov 18, 1968
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(Studio) French Premier Maurice Couve de Murville tries to restore French confidence in franc. Says government spending to be cut and credit restricted. Speaks to reporter with regard to international monetary crisis.
REPORTER: Frank Reynolds

(Studio) International monetary and trade system rocky. If franc devalued, France less expensive place to visit. If franc devalued, American goods more expensive if France's cheaper and American dollar may be in trouble. Ironic that President Chas. DeGaulle must call on international system for help and he sold gold to buy American dollars. If French economy goes to pieces, won't help US.
REPORTER: Frank Reynolds; Louis Rukeyser

Reporter(s):
Reynolds, Frank;
Rukeyser, Louis
Duration:
00:02:50

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