Full text: 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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and obligations which were stipulated. We submitted and we still subitti^, to 
the general measures taken to the detriment of all the Allies and the heneHkof ^ 
our former enemies, but we cannot admit the iniquities that have been com 
mitted, by setting aside the equality of treatement which was so necessary 
for those who sacrificed themselves during the war. 
Our entering on this dangerous path was brought about by two acts. The 
first: The Spa agreement which meant the deciding of the reparations in our 
absence, that is the possibility of putting to our charge in the benefit of other 
Allies the succesive advantages accorded to our former enemies. The other, the 
continual tendency of demanding the anticipated enforcement of our obliga 
tions without reducing or establishing the rights with which these obligations 
ought to have been compensated as ordered in the spirit of the treaties. 
The protest of the Minister of Finance Mr. Titulescu together with the 
acknowedgement of the commission of reparations determined the start 
ing point for the attitude of Roumania in these new phases in which the ap 
plication of the treaties enters. The interventions and the memoirs of the Rou 
manian Goverment to the governments of the great Allied states and to the 
commission of reparations (dune 1923) as well as to the London Conference in 
August 1924 and the Conference of the Allied Ministers of Finance in Paris 
Jannary 1925, did nothing but precise at each step, the situation, more unjust 
and inadmissable which was created day by day for Roumania by the develop 
ment of this mistaken policy in the application of the treaties. The Roumanian 
Government was all the more obliged to defend her unquestionable rights, for the 
reason that the conferences that took place and the successive underhand mea 
sures helped to render the situation of our country more and more difficult 
impairing these rights continually. Not only were these obligations which were 
imposed on us maintained without any modifications, but even their anticipated 
enforcement was demanded. 
The unjust situation which is created for Roumania has in our opinion 
the following causes. 
Primo 1. The isolated position in which we were as to our great Allies 
contributed to their not having a knowledge, or forgetting the sacrifices, the 
contributions and the damages which we suffered for the common cause, and 
which it is necessary for us to call to mind. 
2) The non payment on the part of tlie enemies was the cause for each State 
to be obliged in the first place to defend its proper interests often slipping, over 
the terms and the provisions of the treaties signed by them all. These tendencies 
necessitated a stronger defence and a more decided and continual observance of 
our interests. 
3. The very difficult situation in which the general war had left us, placed 
Roumania in a critcal situation just at the moment when she needed for her 
existence the assistance of the Allies and when she was a debitor incapable of 
paying and at the same time in the impossibility of defending her rights 
against anyone,
	        
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