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François Mitterrand

Person
François Mitterrand
Comet Photo AG (Zürich) / CC BY-SA 4.0 · resizedfile
Born
Mitterrand's 1981 programme nationalised banks and industrial groups, raised the minimum wage and cut the working week, then reversed course in the 1983 "tournant de la rigueur" to stay in the European Monetary System. The U-turn is the standard case study of national reflation colliding with open markets.
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