A Revision of the Treaty Being a Sequel to the Economic Consequences of the Pe
A Revision of the Treaty Being a Sequel to the Economic Consequences of the Pe
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To quickly assess the difficulty of the text, read a short excerpt:
Our present troubles, when they are not attributable to the after-effects of war and the cyclical depression of trade, are due, therefore, not to the enforcement of these claims, but to the uncertainties of their possible enforcement. It follows, therefore, that merely to put off the prob- lem will do us no good. That is what we have been doing for two years already. Even to re- duce our Reparation demands to Germany's maxi- mum actual capacity and really force her to pay them, might make matte...rs worse than they are. To write down inter-ally debts by half and then try to collect them, would be an aggravation, not a cure, of the existing difficulties. The solution, therefore, must not be one which tries to extract the last theoretical penny from everybody; its main object must be to set the Finance Ministers of every country a problem not incapable of wise solution over the next five years.
THE SETTLEMENT OF EUROPE 185 I. The Revision of the Treaty The Reparation Commission have assessed the Treaty claims at 138 milliard gold marks, of whicH 132 milliards are for pensions and damage and 6 milliards for Belgian debt.
What to read after A Revision of the Treaty Being a Sequel to the Economic Consequences of the Pe?
You can find similar books in the "Read Also" column, or choose other free books by Keynes John Maynard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Our present troubles, when they are not attributable to the after-effects of war and the cyclical depression of trade, are due, therefore, not to the enforcement of these claims, but to the uncertainties of their possible enforcement. It follows, therefore, that merely to put off the prob- lem will do us no good. That is what we have been doing for two years already. Even to re- duce our Reparation demands to Germany's maxi- mum actual capacity and really force her to pay them, might make matte...rs worse than they are. To write down inter-ally debts by half and then try to collect them, would be an aggravation, not a cure, of the existing difficulties. The solution, therefore, must not be one which tries to extract the last theoretical penny from everybody; its main object must be to set the Finance Ministers of every country a problem not incapable of wise solution over the next five years.
THE SETTLEMENT OF EUROPE 185 I. The Revision of the Treaty The Reparation Commission have assessed the Treaty claims at 138 milliard gold marks, of whicH 132 milliards are for pensions and damage and 6 milliards for Belgian debt.
What to read after A Revision of the Treaty Being a Sequel to the Economic Consequences of the Pe?
You can find similar books in the "Read Also" column, or choose other free books by Keynes John Maynard to read onlineMoreLess
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