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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66 by different States who took the succession, and the increase of the respective territories, an increase which practically ought to have as a consequence a pro portional increase of their financial and economical resources. We must distinguish between two opinions in this matter. First of all as regards the compensation between the increase of the territories and the nega tive balance of the reparations created by the Treaties, we must remark that this territorial increase is owed to the application of the principle of nationali ties, by the annexation of the provinces belonging to Roumania. Now the ap plication of a just and lawful principle as that of nationalities does not imply in the least a reparation policy which must have as a consequence a defficient si tuation to be considered as a corrective of the territorial increase. Besides this such a final situation can only come against the realization of that very princi ple of nationalities, which presided over the conclusion of peace. In the second place as regards compensation between the defficient situation created by the treaties and the increase of the financial and economical resour ces of the new territories, we must remark that for any one who knows the history of Austria of Hungary and of Roumania, the Roumanian provinces in the state in which they were left by their former masters, cannot constitute for the present, nor for many years to come any considerable increase in the public finance line. Roumania in the 8. E. of Europe, at the mouths of the Danube has always been the sentinel of European civilization, and was always the first to receive the brunt and the troubles of invasions from the East. When other countries in the west of Europe had arrived at the complete fulfilment of their national unity, and in their full political economical and fi nancial progress, Roumania was either at war, or was exhausted by the struggles, which her position of advanced sentinel of European civilization in Eastern Europe, imposed on her. It needed a long time for her to constitute herself into a small indepen dent State which represented the idea of progress and national unity for the rest of the Roumanian provinces still submitted to a foreign domination. When the circumstances and the consequences of the late world’s war, al lowed Roumania to complete her national unity, she is not at all in the plea sant situation of heirs at law whoenyoy with out any cares the riches they have inherited. The freed territories by which the ethnical and geographical unity of Rou mania is completed, created also great charges rising at the same time from a past which was always at her disadvantage, as well as from obligations which her new situation impose on her. During the first few years after she' was united to Transylvania, Bucovina and Bessarabia, the revenues of the former territory had to be partly used for the maintainance of the new territories, which in the state in which their former masters had left them could no more provide for their own needs. For the economical adaptation and in order to catch up lost time Roumania

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