FRENCH POLITICS

Grey River Argus, 17 April 1925, Page 3

FRENCH POLITICS

PAINLEVE’S COALITION. OF LEFT LEADERS. FARIS. April -W ■ M. Painleve received :i delcgalie ' from tbe National Socialist Council; which av.iired him ct support identical io that given M. Harriot. AL Painlevc has asked AL Caillaux 1,, come to Faris. It is understood that he intends io offer AL Caillaux the portfolio of Finance, in the endeavour to form a Cabinet with- M. Pri 'nd.Af. Tlerriot and AT. Caillaux ns the backbone. 11 GW TTTFA WORK IT! flic Paris eorrespondeut. of the T,ondon "Daily Herald” writes:— The political situation v hieh arose in England on the eve of the last general election now seems to have been erealed in France. Their common fear of Socialism, and its open or veiled threat against the accumulation of private fortunes has reunited the two great capitalist and financial groups which since the war have been in active rivalry, and which, at one time or another, have really decided Franco’s policy abroad and ai home for good or evil. These groups are. roughly classifiec.: 1. The 'Comite des Forges, with its affiliated banking interests — a combinntinn that openly seeks :• FrancoGerman oligarchy in» Europe Uirm/gu joint control of the steel nnd coal industries; and 2. The Radical bankers who have hitherto supported the Left AVing bloc, nmy who, in thp interests of their clients in the light metal industries of France, are opposed to the formation of a Franco-German trust policy in the interests of the heavy industries.