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Nitti, Francesco Saverio, 1868-1953

"Peaceless Europe"

The War, therefore, should be
paid for by the conquered, who recognized (even if against their will)
that they were alone responsible. That forms henceforth a certain
canon of foreign politics, the less a thing appears true the more it
is repeated.
Although the treaties oblige Austria, Hungary, Bulgaria and Turkey to
pay the damages of the War, it is, however, certain that they are not
able to pay anything and not even the expenses of the victors on their
territory. "_Cantabit vacuus coram latrone viator_," said Juvenal
("Who has nothing can give nothing"), and Austria, for her part,
instead of giving is imploring food succour.
So the problem remains limited to Germany. Can she pay the indemnity
indicated in the treaty? Can she pay for the damages and indemnify the
victors? After having given up her colonies, her ships, her railway
material, all her disposable credits abroad, in what form can she pay?
The fundamental controversy reduces itself henceforth only to this
point, which we shall try if possible to make clear, since we desire
that this matter shall be presented in the clearest and most evident
form.


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