Word: low-interest
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Merge & Modernize. At De Gaulle's behest, Economics Minister Michel Debre has begun to push a broad plan to energize industry, argues that "we have no choice but to become competitive." The government has granted $600 million in low-interest loans to steel firms on the condition that they merge and modernize. The government has also helped to bring about more than 50 corporate mergers this year, notably in the metals, textiles and electronics industries. Hoping to enlarge the capital supply and to make Paris a world financial center on the order of London or New York, the Cabinet...
...French government has threatened to give its own steel industry a competitive edge by granting it a $600 million low-interest modernization loan and by buying more cheap American coal. Germany says it may help its overstocked and overpriced coal industry with a straight subsidy. The Italians and the Dutch are happily selling steel from their new, competitive seaside plants wherever they...
...cars a year to around 360,000 cars by 1970. Under a pact that is likely to be signed when De Gaulle visits Moscow later this month, the Russians will pay an estimated """ million to $100 million for Renault's equipment and know-how-on longterm, low-interest credit...
...custody. President Johnson sent Labor Secretary Willard Wirtz to New York to discuss the impasse with negotiators, and Wirtz returned to Washington to report gloomily: "The situation still remains uncertain and serious." In response to an appeal from Governor Nelson Rockefeller, Johnson announced that the Federal Government would grant low-interest loans and other aids to small businesses and individuals financially injured by the strike...
...question whether he would be safe on a campaign swing through French Canada. But tempers cool, and now 1,200 citizens turned up in Ste. Perpétue (pop. 1,160) to cheer his campaign promises: abolition of the 11% sales tax on farm machinery, training schools for farmers, low-interest farm credit. Everywhere, he pecked away at the scandals singeing Mike Pearson's administration. "This government," he said, "is trying to make a banana into a backbone...