THREAT TO EUROPE
(Press Assn.
BA^gypr CRIPPLED BY BURDEN OF REPARATIONS" AND OTHER DEBT r . i , EARLY REQUEST FOR RELIEF
— By TeIegraph-4-Copyrlglit. )
LONDON, Wednesday. • The .."Morning Post's" Pqris correspondent says it is expected that Germany .will ask for .a mprato.rium shortly. . . ..... . She is preparing to plead absolute insolveucy before the Consultative Committee of the Bank of International Settlements. * "Why must Germany defqulf?" asks ,Sir Walter .Layton jn an article in the "News Chronicle,!' He points out that the adverse trade balance between" 1924-3Q amounted to £300,000,000; reparations totalled £500,000,000, and interest on commercial debts, £100,000,000.. Germafiy has borrowed continuously to. pay reparations and the growing interest on her borrowings, and ' the 'withdrawal of_ foreign funds , prpcipitated. the crisis. War reparations have not been paid from Germany's resources.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 69, 12 November 1931, Page 5
Word Count
127THREAT TO EUROPE Rotorua Morning Post, Volume 1, Issue 69, 12 November 1931, Page 5
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