GERMANY'S POLICY
DRASTIC CHANGE NEEDED ' < RECKLESS EXTRAVAGANCE »' (The Times.) LONDON. Nov. o. The Times, in a leader, says: ",iir Parker Gilbert's memorandum is a formidable indictment of German finance. Germany/has pursued a policy of reckless extravagance since 192'i, and its economic effects are visible in the rising costs of production and living, and the increased prices. The result largely nullifies the benefits expected to accrue from the nationalisation of German industry. Really the effective control of public expendituie, whether financed at home or from abroad, is needed to ensure genuine economy. If Germany wishes to convince the world of her goodwill regarding treaty obligations she must make a drastic change in her financial policy.''
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Bibliographic details
Poverty Bay Herald, Volume LIII, Issue 16491, 8 November 1927, Page 7
Word Count
114GERMANY'S POLICY Poverty Bay Herald, Volume LIII, Issue 16491, 8 November 1927, Page 7
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