GERMANY’S FINANCES
POLICY OF RECKLESS EXTRAVAGANCE EFFECTIVE CONTROL NECESSARY. Press Association—By Telegraph—Copyright LONDON, November G. ‘ Tho Times,’ in a leader, says: “Mr Barker-Gilbert's memorandum is a formidable indictment of German finance. Germany has pursued a policy of reckless extravagance since 1924, and its economic effects are visible in tho rising costs of production and living. The result largely nullified the benefits that were expected to accrue from the nationalisation of German industry. Really effective control of public expenditure, whether financed at home or from abroad, is needed to ensure genuine economy. If Germany wishes, to convince the world of her good-will regarding her treaty obligations she must make a drastic change in her financial policy.—‘Tho Times.’
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Evening Star, Issue 19708, 8 November 1927, Page 5
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116GERMANY’S FINANCES Evening Star, Issue 19708, 8 November 1927, Page 5
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