France Cannot Long Avoid Inflation

Stratford Evening Post, Volume IV, Issue 163, 22 June 1936, Page 5

France Cannot Long Avoid Inflation

London, Juae 20. Although the franc responded to M. Auriol's speech, late dealings showed little confidence in London that France will be able for long to avoid inflation. It is recognised that everything depends on the response of the French public to the short-term bills issue, which will be accompanied by an unprecedented propaganda campaign. .The city is more sceptical that success is likely to attend M. Auriol's efforts to compel hoarders to disgorge or repatriate capital invested abroad. Events in France are being keenly awaited.

The position at present is fraught with uncertainty.