President Georges Pompidou, a Gaullist, is ill. Social movements and the war of Kippour, as well as the first petroleum shortage announce the end of a splendid period at both the national and international level.
Socialists move toward the center.
The Franc is devalued and a plan of austerity is instituted by Delors. Retirement is set at age 60 for state employees. Rated as the worst economic year between 1973 and 1994. Reorganization of the college education system. Mitterand died on the 8th of January, 1996.