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| 1926, April–May |
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| The franc began another rapid fall, declining to the value of 2 cents. The budget could not be balanced despite the imposition of new taxes and increases of income and other taxes. War debts, postwar extravagance, and the failure of reparations made a partial repudiation of the debt inevitable. | 1 |
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| 1926, July 28–1929, July 26 |
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| National Union ministries of Poincaré. The new government voted new taxes and drastic economies that balanced the budget. | 2 |
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| Aug. 10 |
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| The two chambers, sitting as a national assembly, incorporated a sinking-fund measure in the constitution. Income from the tobacco monopoly and from inheritance taxes was to be used to redeem part of the national debt. | 3 |
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