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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78 power for the Russian defection to be as complete as possible, could not consent that a situation which gave the impression of a final defeat on the Roumanian front should go on. Taking advantage therefore of the Russian defection they im posed an armistice on Roumania who was completly cut off from her great Allies without the possibility of renewing her war stock, and completely abandoned by her great Russian ally and quite incapable of meeting with her proper forces a new attack of the enemy. With the knowledge of her Allies site inclined her self before the events and although she never doubted that the victory would be on the part of the Allies, she had no other thought than to be able to conserve a quantity of war material which would be necessary for the new mobilization which was evident in the future. So these are the circumstances in which the armistice and the peace imposed inBucarest on April 2, 1918, came to take place. Complety exhausted in all her ressources, without any effective assistance on account of her geographical isolation from her Allies, with out the possibillity of making an effort for a last sacrifice, Roumania thought that she still was useful to the cause of the Allies, and bowing herself before the draconian clauses of the Treaty of Peace imposed on her, having nevertheless the conviction that this was only a temporary situation that would not last long, the territory occupied by the troops of the enemy represented two thirds of the area of Rou mania had been completely laid waste and sacked by the Central Powers, accor ding to a well established plan decided in Berlin in October 29 th 1916, by the counsel of the group that represented the Central Powers. (Anex 21). The decisions of this counseil besides fixing in all its details the plan for speculating the occupied territories had also the subversive object intended to rob the population and the country of all her riches, giving the impression that everything which is carried away, is paid for and that the population loses nothing. So was created a means of payment by the bank notes issued by the army of occupation with the assistance of the “Banca Generala Romana- a former branch patronized by the direction of the Disconto Gesellschaft in Berlin. (Anex 43). The German military economical organization acquired from the inhabi tants (it is well under stood for prices imposed, and far below their real value) all the products of their labour sending them towards the Central Powers coun try and parellelly with this economical speculation the military administration gave them repuisition bonds or obliged them to underwrite Hungarian war loans. The issue of notes made by the enemy is the first stroke given to our issue institution as in the clauses of the counsel of Octobrc 29"' 1916 it was stipulated that at the conclusion of peace the reedeming of this issue should be left to the charge of the Roumanian Goverment. The peace of Bucared provided in its clauses regular detailed organiza tions of modern slavery, the whole population being obliged iso work for its conquerors of the moment. In the first place all was done for the blow widely was given to our first

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