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When the franc was in danger of collapsing in 1956, it was the Americans who propped it up and their reward was to be insulted and swindled on the streets of Paris. I was there. I saw it.
Gordon Sinclair
The people of those foreign countries are very, very ignorant. They looked curiously at the costumes we had brought from the wilds of America. They observed that we talked loudly at table sometimes. They noticed that we looked out for expenses and got what we conveniently could out of a franc, and wondered where in the mischief we came from. In Paris they just simply opened their eyes and stared when we spoke to them in French! We never did succeed in making those idiots understand their own language.
Mark Twain
Callaghan resigned as Chancellor after devaluation. His place was taken by Roy Jenkins who was, in my judgment, the ablest of the four Chancellors I served. He listened to advice, but made up his own mind, explaining to his advisers the grounds for his decision. He was at times able to foresee contingencies of which his staff had not warned him, such as the possible devaluation of the French franc, and was judicious in assessing such contingencies and deciding what measures were appropriate to the circumstances. He was not afraid to take extreme measures to overcome major dangers, adding more to taxation and cutting more from public expenditure than his advisers suggested and showing a sound judgment of what was at stake. This resoluteness in the circumstances in which he took office enabled him to carry the Cabinet with him after three years in which they had shrunk from much milder action.
Roy Jenkins