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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PART II THE INTERALLIED DEBTS FOR FINANCING roumanlVs WAR Conserving the same norm adopted in the first part of this report v»e will now examine Roumania’s interallied debts for financing the war during the two periods during which the action lasted. The period of armed neutiality, the war period and the after war period. CHAPTER I armed NEUTRALITY PERIOD 1914—1916 When the war was declared in 1914. Roumania by her neutrality had cut out, for all those who could see clearly her line of conduct, in the future policy which should agree with her most vital interests : the realization of the hopes of a race divided under three masters. It is evident that the policy followed by her until then in the orbit of the Triple Alliance, on account of the attitude of Russia, placed her in a very hard situation from the point of view ot the material with which the arrm was supplied, as well as from the point of view of the financial sources which were absolutly indispensable for a war, whose duration could not be precised. Although she did not mobilize her army from the first moments of the general war she had to proceed quickly to a systematical mobilization of the ressources of the country, so as to be able to cover the expenses ol concentra ting her forces along the frontier so as to prevent encroachments both for stra tegical or any other reasons. The display of these forces represent the first ma terial sacrifices Roumania made. Parellel with the priceless tribute of her neu trality during the period from 1914 to 1916. SECTION I roumania’s contribution for the cause of the allies Besides the material sacrifices which Roumania made for preparing the war and concentrating her forces along the frontiers, she was able to contribute to a certain extent to the economical blockade which the allied Government had laid for the Central Powers.

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