French Finance Minister’s Scheme Raises Eyebrows

July 31, 1925 – In a move that has left many scratching their heads, French Finance Minister Joseph Caillaux has implemented a plan to stabilize the franc, balance the budget, and retire overdue bonds at their face value. However, experts are questioning the legitimacy of his scheme, which involves printing new money to pay pressing debts, leaving it to his successor to handle those that become pressing later on.