GERMAN CONFIDENCE
UNITED STATES WARNED FREEDOM OF TRADE (United Press Assn.—Elec. Tel. copyright) BUCHAREST, July 26 “The United States must abandon the idea .that she can force her economic conditions on Europe,” said Dr. Funk, German Minister of Economics, whom Goering has ordered to prepare to reconstruct the German and European economy after the war. He added:— “We do not need North American intermediaries to enable us to trade with South American States. That trade must be based on free agreements with the South American States, or there will not be any trade.” Dr. Funk asserted that gold would cease to be the basis of currencies within the German political and economic spheres. The reichsmark, he said, would be predominant in Europe, while the United States would be compelled to devalue the dollar. “We do not intend to reintroduce an entirely free currency,” he added, “nor to institute a currency union throughout Europe, because that pre-supposes a Customs union. “Germany will employ after a victorious war the same methods for European reconstruction as those which resulted in her great economic success before and during the war.”
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Waikato Times, Volume 127, Issue 21176, 27 July 1940, Page 4
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186GERMAN CONFIDENCE Waikato Times, Volume 127, Issue 21176, 27 July 1940, Page 4
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