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Crisis Forces DeGaulle to Choose Gold or Devaluation
Paris reports say France faces a costly peace after a crippling general strike. Economists estimate wage bargains will add at least 3 billion dollars annually, fueling inflation. De Gaulle may dip into roughly 6 billion in gold reserves to stave off devaluation, risking his stance on gold and currency supremacy.
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Paris
UPI
France
Charles de Gaulle
de Gaulle
Georges Pompidou
Bank of France
Britain
U.S