POINT AT ISSUE

Evening Post, Volume CXIII, Issue 9, 12 January 1932, Page 9

POINT AT ISSUE

> ANY EEAL CHANCE

GERMANY RECOVERING

(British Official Wireless.) KUGBY, 11th January. Commenting on Dr. Bruening's statement, "The Times'? says: "The supreme question which participants at Lausanne will have to consider is whether there is any real chance of recovery in Germany, . and therefore of averting the danger of collapse, in the rest of the world—so long as there is danger in another prospect of being called upon in the near future to resume these payments which drain her economic resources and drain her international financial exchanges. Tho answer can be found only through a thorough and frank discussion of tho whole situation. So much depends on a solution of the problem—not only for Germany, but for her creditors as well, and also for every country in the world, including those who seem to have no direct interest in it—that there is no room in its discussions for any prejudice or prepossession for national sympathies and antipathies pr for political considerations of any kind. The only tilings that matter are economic realities." OTHER PRESS OPINIONS. The "Daily Nows" thinks that the statement clears the air, and Lausanne can now settle down to realities, but makes the point that "no reasonable person even in Germany would be prepared to swear to the economic impossibility of Germany's resuming some small payment of reparations in tho distant future, if world trade revives." The "Daily Telegraph" says: "That Germany cannot pay reparations now is clear enough, and so much was stated in tho Basle report; But that she will still be unable to pay anything in three or five years' time no one can assert today. The strength of the German position is that she cannot crash without involving others in stupendous losses. To go to Lausanne without a prospect of Franco-British co-operation, and with the certainty of a violent explosion of Franco-German wrath promises no fruitful result."

The "Daily Herald" says that the statement brings the world down to a discussion of realities and makes Lausanne worth while, adding that the suggestion that the conference should now be abandoned and a creditors' meeting held instead cannot be taken seriously.'»