America And the Balance Sheet of Europe
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Cannot France receive payment through the sale of reparation bonds for cash? There is one possibility by means of which particular Allied nations might conceivably receive benefits from reparation payments at the expense of other nations. France has in fact been counting heavily upon this device. When the German reparation bonds are received, France hopes to sell a considerable part of her allotment thereof in the world's investment markets — which means, under present conditions, principally i...n the United States. The condition of the French budget, as we have seen, is desperate. France hopes through the sale of repara- tion bonds to improve materially her financial status.
In considering this phase of the problem it should be understood at the outset that France does not expect to turn over to the United States reparation bonds in liquidation of her existing debts to us. Since France is not paying interest on her debts to other governments, no help to the French budget would come from a substitution of repara- tion bonds for French government obligations.
What to read after America And the Balance Sheet of Europe?
You can find similar books in the "Read Also" column, or choose other free books by Moulton, Harold Glenn, 1883-1965 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Cannot France receive payment through the sale of reparation bonds for cash? There is one possibility by means of which particular Allied nations might conceivably receive benefits from reparation payments at the expense of other nations. France has in fact been counting heavily upon this device. When the German reparation bonds are received, France hopes to sell a considerable part of her allotment thereof in the world's investment markets — which means, under present conditions, principally i...n the United States. The condition of the French budget, as we have seen, is desperate. France hopes through the sale of repara- tion bonds to improve materially her financial status.
In considering this phase of the problem it should be understood at the outset that France does not expect to turn over to the United States reparation bonds in liquidation of her existing debts to us. Since France is not paying interest on her debts to other governments, no help to the French budget would come from a substitution of repara- tion bonds for French government obligations.
What to read after America And the Balance Sheet of Europe?
You can find similar books in the "Read Also" column, or choose other free books by Moulton, Harold Glenn, 1883-1965 to read onlineMoreLess
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