The Battle for the Franc.

The article reports on the crisis faced by the French franc in 1983 wherein French President Francois Mitterand has addressed the country to explain the consequences of its third devaluation in 22 months of Socialist government in France. It mentions that Frenchmen were only allowed to bring 285 U.S. dollars abroad and a 1 percent income tax surcharge to help cover the 1.9 billion U.S. dollar social security deficit. It also evaluates the leadership of President Mitterand.