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

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

war debts will be examined Roumania shall have the right of discussing the norms for liquidating war debts so that they may be applied also to relief bonds. On another hand it was admitted in a final manner that arrangements in respect of relief bonds shall not constitute a precedent for war debts. Our insists nee before the meeting of the international Committee tor relief bonds at the London conference in December 1924; the settlement of this question was put off at the same time as the question of the interallied debts was, justified and founded on the note which America sent us ulteriorly In fact immediately this matter formed the object of an arrangement being a debt of international assistance, inasmuch as also the neutral States had taken part, the Americain goverment notified to us that as we had begun to pay our debts to other States, it did not see why we delay our debts for relief bonds having already begun to extinguish another relief bond debt which the American Govt rnment had considered as a war debt. In the first place the debt in relief bonds is small, whereas our inter allied debt amounts to a much larger sum not only towards America but even to En gland and France as we said above. We answered them that the Roumanian Government not only had no hostile intention but on the contrary as it had profited by the assistance of the United States before and after the svar, it would have been madness on our part to displease by our attitude a friendly State and not to consider the assistance which the great Republic could offer for restoring and consolidating great Roumania. In truth Roumania isolated, laid waste by the hostile occupation abando ned by its greatest and nearest ally obliged to organize in the midst of all these difficulties nearly a new State to unify four existing regimes all so diffrent one from another could only just with great sacrifices balance her budget, stop the monetary inflation and bring production almost to a normal state and pul nor finances on a solid basis. All, these efforts of ours were made exactly by us in order to assure the claims of our Allies rather than give them verbal or even written assurances Roumania in fact has always declared that she is far from denying her debt to the United States, and in order to prove this she sent a mission in 1922 which was to determine the amount. These war debts have a character created by the circumstances in which Roumania found herself when they were granted to her and not only till the general Armistice but even after, on account ot the circumstances. Conclusion The interallied debts a rose, as we said above, from credits and war mate rial granted between the Allied States during the war and in view of carrying it on to common victory. The way the war was led represents the cooperation and the solidari-

Access restriction

Copyright

fullscreen: 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

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation