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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Dardanelles for her export, placed her in the difficult alternative either of stifling herself economically, or of opening the gates of her Western frontiers for the enemy’s supplies, of which they were in so great a need that they made the most tempting offers, accompanied by threats, which at that time might have scared a much more powerful State. Roumania prefered the first alternative of economical suffocation, to help ing the enemy, even indirectly. The continual struggle that Roumania carried on during the whole time of the neutrality, against the attempts for carrying products out of the country by smuggling, is the best proof of this delicate situation. At the risk of her economical ruin, Roumania refused firmly the enemy’s offers for buying, and only when se was obliged to put off for some time entering the war, with the assent of the allies did she agree to conclude a contract for the supply of cereals. It was only thanks to this contract, concluded with the Central Powers, that an attack on the part of our future enemies, who intended to use even force, for supplying themselves in our country, was avoided. At the same time in order to annihilate the effects of this contract, and to prevmt supplying the enemy, the Roumanian Government concluded a similar contract with Great Britain (Annex 9). In the chapter referring to this matter, we will treat about this Britannic contract, we shall see how in the end it could not have the expected effect of helping Roumania, although it was very efficacious -for preventing the supply of the enemy. At the same time, in order to oppose their threats and to prevent the Cen tral Powers from opening a route towards Turkey, Roumania concentrat ed numerous troops along her threatened frontiers ever since the begin ning of the neutrality 1 ) troops winch cost important sums to maintain 2 ). This attitude obliged the Central Powers to mobilize on the Roumanian frontier a considerable number of troops, either for the object of exercising a pressure on Roumania, or for defending themselves against an attack on her part 3 ). Roumania’s geographical situation, cut off from her allies, laid on her ex penses, which no other State had to face, as all her supplies and the means for her future action where procured only from the Allies in very difficult condi tions of transport and insecurity, which increased the expenses. The Dardanei- 1) Roumania concentrated by series for periods of from t—18 months, the whole effective forces which could be mobilized, of her army, amounting to‘810.000 soldiers. Thus the i umber of men concentrated increa sed. so that on the day war was declared, there were I So 000 men on the Carpathian frontier, UO.tiOO on the South frontier, and in the interior the rest of the troops a"d the auxiliary services. 2 ) Roumania contracted in this interval, for keeping up her troops, and preparing them for war, four loans of 100.000.000 lei each at the National Bank, a consolidated loan of 4(10.0(10.000 lei on the internal market, land other loans abroad, which will be mentioned in their details, in part. II -Into allies debts* — Out of this oan of 400.000.000 lei, contracted on the internal market, the Roumanian Government paid the debt contracted at the National Bank, so that on .tune I (»->>> 1916, the debt of the State at the Issue Rank amounted to lei 3 ) On the South frontier of Roumania, Bulgaria, mobilized, during the period from 1914—1916,. the III rd army corps with 3 divisions, besides a part of the tOH 1 German division.

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