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Nitti, Francesco Saverio, 1868-1953

"Peaceless Europe"


Czeko-Slovakia had mineral riches, industrial concerns and solid
agriculture, and a culture spread among the people--all the conditions
for rising rapidly. All these advantages risk being annulled by the
grave and useless insult to the Germans and Magyars.
Not only is the situation of Europe in every way uncertain, but there
is a tendency in the groups of the victors on the Continent of Europe
to increase the military budgets. The relationships of trade are being
restored only slowly; commerce is spoken of as an aim. In Italy the
dangers and perils of reopening trade with Germany have been seriously
discussed; customs duties are raised every day; the industrial groups
find easy propaganda for protection. Any limitation of competition is
a duty, whether it be the enemy of yesterday or the enemy of to-day,
and so the greatest evils of protection are camouflaged under
patriotism.
None of the countries which have come out of the War on the Continent
have a financial position which helps toward a solid situation.
All the financial documents of the various countries, which I have
collected and studied with great care, contain enormous masses
of expenses which are the consequences of the War; those of the
conquering countries also contain enormous aggregations of expenses
which are or can become the cause of new wars.


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