The report of the Minister of Finance to the Counsel of Ministers on the situation of Roumania created by the reparation and interallied debts policy

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Monograph

Identifikator:: 102318091X

URN:: urn:nbn:de:zbw-retromon-55477

Document type:: Monograph

Title:: The report of the Minister of Finance to the Counsel of Ministers on the situation of Roumania created by the reparation and interallied debts policy

Place of publication:: Bucarest

Publisher:: Government Press

Year of publication:: 1925

Scope:: 1 Online-Ressource (115 Seiten)

Collection:: Economics Books

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5 beeing damaged, the restoration of general situation, as normally and hast ily as possible, must be for every body and consequently for those having sulfered damages a greater satisfaction than the sums which we might advance them to the pi ejudice of this consolidation and normalization. This is why we thought it best to follow the second solution. We think that in the serious financial situation in which some ot the Allied States which have adopted the first solution are placed, justified the prudent and unselfish manner in which the Roumanian State had acted. In the situation in which Roumania was on the morrow of the war, by pay ing the war damages and satisfying in a very feeb'e measure the sufferers by an ticipation, would have increased the evil rendering the financial restoration of the country impossible. Certainly that this prudent behaviour should not prevent us from thinking of these sufferers and of the special sacrifices which some citizens have made. More especially the Roumanian State has inscribed out ot its own resources the pavment of important sums for war pensions both in the former Kingdom as well as in the freed provinces, payments which the armistice and the treatees had put to the charge of our former enemies. Therefore as soon as we were assured of the balance of our budget and even of excesses, we destined in the last two budgetary years certain sums (very re duced compared to the total of the damages o50 mil lei) for assisting those who were seriously harmed. Of course the fii al settling of this obligation will depend in the first place, on the general policy of reparations and of interallied debts which forms the principal object of this report. On this policy it will depend whether our nationals having suffered war damages will be assisted, or it on the contrary new sacrifices will be demanded of them and the whole coumtry, making them pay instead of onr former enemies. This is in a short summing up, the stage in which Roumanian finan cial consolidation is at this moment We might resume it as we said above by the following assertions. The Roumanian State by its own means without any help from anybody, with great sacrifices made to the detriment of its restoration and endowments has assured its financial consolidation. It has therefore done all that depended on it. Alter the general war however, more especially for the States which parti cipated more completely in the hostilities, their financial consolidation can be strongly influenced by the manner in which the treaties will be applied for hastening or retarding the restoration of the country, and by the manner in which the question of the debts contracted between the Allied States during and because of the war, will be settled. Therefore the financial consolidation will be influenced by two factors which unfortunately this time do not depend exclusioly on us and our means. It is indifferent if these two questions will be joined together when they are

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