FINANCIAL DICTATOR
SCHACHT SWAYS GERMANY
AMERICAN LOAN DROPPED
BERLIN, 20th'December.
Herr. Schacht has proved virtually that he is the financial dictator of Germany.. The Government has abandoned the negotiations for a loanrfrom the United States, and' will obtain the necessary credit to meet the Budget deficit from the banks, conditional upon the creation of a sinking fund to protect the floating debt. This will involve the postponement of the incometax reduction programme. The position of Dr. Hilferding, the Finance Minister, is considered to be precarious.
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Bibliographic details
Evening Post, Volume CVIII, Issue 150, 21 December 1929, Page 9
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85FINANCIAL DICTATOR Evening Post, Volume CVIII, Issue 150, 21 December 1929, Page 9
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