RISK OF ECONOMIC DEBACLE
NEED FOR EXTERNAL LOAN TO GERMANY SDI3ASIUR IN AUSTRIA EXPECTED. (UNITE. PRIMS ASSOCIATION.—COPTMSHT.) (-VSTKALIAN - NBTV ZEALAND CABIS ASSOCIATION.) (Received July 12, 10 a.m.) PARIS, 11th July. The Petit Parisien points out that in _ few weeks the present financial depression might render a moratorium insufficient to check the collapse of the mark and prevent a German .economic debacle. The paper quotes M. Poincare's opinion that sooner or • later Germany must have an external loan. LONDON, Uth July. The Westminster Gazette states that the British Government anticipates an early and complete financial collapse of Austria, and fears that if Germany increases taxation and ceases to print paper money, which is the only waj' to stabilise the currency, the present Government will fall, to be replaced by' an autocratic administratio_f.
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Evening Post, Volume CIV, Issue 10, 12 July 1922, Page 5
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131RISK OF ECONOMIC DEBACLE Evening Post, Volume CIV, Issue 10, 12 July 1922, Page 5
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