PROBLEMS OF EUROPE

Evening Star, Issue 18057, 26 August 1922, Page 3

PROBLEMS OF EUROPE

RACIAL BITTERNESS MAINTAINED. FINANCIAL AND ECONOMIC DIFFICULTIES. Press Association—By Telegraph—Copyright. PARIS, August 24. Ludendorff, interviewed by the.‘Echo de Paris,’ admitted that the post-war German animosity towards Prance had considerably increased, which he attributed to-the crushing and impossible terms which Franco had imposed wounding the German national honor. He added:. “If France would realise that her policy of oppression towards Germany would lead only to ruin she would sooner or later change her policy. 1 am convinced that if the German people could be assured of a new future based on their great common interests with France, they would work with one bond with the French for the restoration of Europe and the common welfare of the two countries.” —A. and N.Z. Cable. COLLAPSE OF THE MARK. HYSTERIA IN BERLIN. LONDON, August 24. The Berlin market is deluged with marks from foreign holders, who flung them on the market with no other object than to get out at any cost; but the holders of foreign money, especially dollars, are most unwilling to sell. Consequently the volume of business which is being done at the present mad prices is very small. The collapse is attributed locally to a complete loss of faith in the recovery of the mark-and' also to pessimism regarding the outcome of present negotiations of Sir John Bradbury and M. Mauelero with the Government. The absence of news in that connection, and the wild rumors, including the imminent departure of Sir John Bradbury and M. Mauelero, have caused panicky excitement of the exchanges. Therefor it is not altogether warranted, but evidently bargaining is still proceeding. The violent ■ fall in the exchanges is regarded as the danger signal of a political storm. —‘ Times.’ PARIS, August 24. _ Although there is the utmost secrecy in Berlin with regard to the outcome of the Bradbury-Mauclere mission,, several newspapers state that the German Finance Minister only offered, in default of payment in kind,’ to guarantee £2,500,000, which would be supplied by German banks. The newspapers allege that the delegation considered the offer ridiculous.—A. -and N.Z. Cable. THE ALSACE SANCTIONS. LONDON, August 24. The ‘ Daily Telegraph ’ understands that the real reason why France has cancelled the sanctions in Alsace was because of the protests from the Alsatian chambers of commerce that the sequestration of German property was mining the country. Trade, which was mainly with Germany, was carried on under a special provision of the Versailles Treaty. The- Alsatians- hate the Germans more than other Frenchmendo, but in practice business men, are not willing to sacrifice trade to sentiment.— A. and N.Z. Cable. EYES ON AUSTRIA. LONDON, August 24. The ‘ Daily News’s * Paris correspondent says that the diplomatic struggle between the Germans, Slavs, and Italians is centring round Austria with a view to the latter’s absorption. It is believed that France favors the Slav ambitions, to which the Italian attitude is a barrier. France is therefore renewing M. Poincare’s proposal for joint allied action to safeguard Austria’s independence. Britain and Italy opposed - that • suggestion- at the London Conference, but when Italy threatened to intervene if a revolution occurred in Austria, or if Austria attempted to- secure union with Germany, or effected a rapprochement with the Slavs, Mr Lloyd George replied that such action might lead to war. Franco regards the Italian attitude as an effort to reconstitute the Triple Alliance, with Austria as a hypened State between Italy and Germany, enabling these countries to make a common Continental policy.—A. and N.Z. Cable. LABOR LEADER’S ADVICE. FORGET AND FORGIVE. LONDON, August 24. Mr J. H. Thomas (secretary of the National Union of Railwayrnon), addressing the radwaymen, said he trusted that the life sacrifice mad© by Mr Collins would be an example to the rest of Ireland to unite for the saving of the country and her people. The present international situation was most difficult and dangerous. If Austria collapsed Germany would follow, and France would be tea times worse off. He hoped she would be wise and sensible. The only means of restoring the trade and prosperity of the world was to forget 191418, and to direct all efforts towards seeming the peace of the world* —not the maintenance of enmity.—A. and N.Z. Cable.