While the rise in prices monopolizes the public debate today, let us remember that in the 1970s and 1980s, inflation was also at the heart of the concerns.
In some years, the French experienced double-digit inflation, even reaching over 13% in 1974, 1980 and 1981. Oil shocks, rising unemployment, weak growth... The country was in crisis at the time and it was not the only.
Read alsoIn 1973, the oil shock plunged France into crisis
Succession of anti-inflation plans
All over Europe anti-inflation plans have been put in place.
In France, Pierre Fourcade, Minister of the Economy, is exhausted with the task.
“
For twenty-seven months he fought.
And he lost
”, wrote
Le Figaro
in 1976 after the resignation of the government of Jacques Chirac.
Raymond Barre, “
best…
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