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Economy / International / France / Britain #640

ABC Evening News for Friday, Nov 22, 1968
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(Studio) 10 richest trading ntns. to extend $3 billion in loans and credits to France. Franc devaluation expected. "France Soir" cites devaluation by 10%.
REPORTER: Sam Donaldson

(NYC) France's credit no longer as good as it used to be. Devaluation brought on by France herself. Devaluation not solution, but warning. Nixon needs to bring inflation here under control and control United States spending abroad.
REPORTER: Louis Rukeyser

(Studio) Labor government raises taxes on beer, cigarettes and whiskey to prevent pound devaluation. 10% sales tax imposed on other items. Restrictions put on imports. Prices fell on stock market
REPORTER: Sam Donaldson

Reporter(s):
Donaldson, Sam;
Rukeyser, Louis
Duration:
00:03:00

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