GERMAN CREDIT
CRASH WOULD INVOLVE ALL .fil
EUROPE. ■' fj! London, January 30. . Tho Berlin correspondent of tho "Daily News" asked llerr von Gwinner, who is regarded as the Napoleon of German finance, "Is Germany going bankrupt?" Von Gwinner replied tliat the general position was .virtually • one of bankruptcy, though this did not apply to the Treasury, which was forced .to continuei to use>abundant paper money. The whole fabric of credit was tottering, < and the crash would involve the whole of Europe owing to the present position of ccOnomic inter-dependence. "No sane British or French financier," he added, "believes that Gerniany is able to pay the indemnities specified, but given breathing space and credits for raw materials, w;e can -ultimately pay a very large sum."—Aus.-N.Z. Cable Assn.
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Dominion, Volume 13, Issue 110, 3 February 1920, Page 7
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126GERMAN CREDIT Dominion, Volume 13, Issue 110, 3 February 1920, Page 7
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