EUROPEAN DANGER
Press. Assn.-
^OMPLETE COLLAP^E fjnancial unification of empire may avert disaster HOW AMERICA COULD HEEP
-By Telegr aph — Copyrlght) .
Rec. May 29, 5.5 p.m. LONDON, Saturday. ''A complete collapse is likely in lurope in the next few months, and ro may face a graver situation than ie United States," said Mr. L. C. [. S. Amery speaking at Oxford. "The monetary system of the vrld," he continued, "cannot soon e restored and little can be expect[1 at Lausanne for the immediate lture, while relief would be slight, /en if war debts were remitted. "There is little hope of that, bemse France is unlikely to give anyling to Germany whieh may soon be averned by Herr Hitler. "The United States could help the orld if she changed her fiscal poly and became readier to lend monf. The United States has a tempor•y favourable trade balance, but lfortunately sheis unlikely to lend oney outside of the British Empire. "Our policy of shutting up the Emre might do more to restore the nrld monetary system than it could use damage by excluding competirs. The only step to meet the diffilty is the establishment of the Brish system of sterling and a eend bank for the Empire."
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 239, 30 May 1932, Page 5
Word Count
204EUROPEAN DANGER Rotorua Morning Post, Volume 2, Issue 239, 30 May 1932, Page 5
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