ECONOMICS
We say that with France if it may be, but without France if it must be, action is imperative to ensure the financial and political stability of Germany. For we repeat that a German crash would threaten nothing less than " the 1914 of economics." Why ? Panic and peril and all the usual causes of revolution would extend to -jome neighbouring countries; no country whatever, and assuredly not Britain, would remain unaffected; the usual mechanism of international banking would be dislocated almost as rudely as by war itself; the hope of trade recovery would be thrown back throughout the world; the continuance of low prices and bad times would inflame agitation in every quarter of the globe.—Mr J. G. Garvin.
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Bibliographic details
Waipa Post, Volume 43, Issue 3353, 24 September 1931, Page 3
Word Count
120ECONOMICS Waipa Post, Volume 43, Issue 3353, 24 September 1931, Page 3
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