VICHY'S FINANCES
COLLAPSE INEVITABLE INFLATIONARY PRESSURE NAZIS BUYING UP STOCKS (Rec. 8 p.m.) LONDON, June 14. The financial collapse of the Vichy regime seems inevitable, says the Sunday Times. The note circulation has risen to 218 milliards, compared with 150 milliards before the war. The real cause of the inflationary pressure is the money the French pay to keep the German army of occupation. A large part of this is being used by Germans to buy up French stocks and control industry. Banking experts estimate thai France has been forced to pay over twice the real cost of the army of occupation. The collapse of the franc is only a question of time.
The situation amuses the Germans, because complete inflation will help them to buy up everything they can put their hands on in France.
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Otago Daily Times, Issue 24634, 16 June 1941, Page 5
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136VICHY'S FINANCES Otago Daily Times, Issue 24634, 16 June 1941, Page 5
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