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Nitti, Francesco Saverio, 1868-1953

"Peaceless Europe"

So many foolish things were said about the almost mysterious
manoeuvres of Germany, about her vast expansion, her great resources
and accumulated capital, that the reality tended to become lost to
sight.
These absurd legends, formed during the War, were not forgotten, and
there are even now many who believe in good faith that Germany can
pay, if not twenty or twenty-five milliards a year, at least eight or
nine without any difficulty.
France's shrewdest politicians, however, well knew that the demand
for an enormous and unlimited indemnity was only a means of putting
Germany under control and depressing her to the point of exhaustion.
But the others maintained this proposal more out of rancour and hatred
than from any actual political concept. It may be said that the
problem of the indemnity has never been seriously studied and that the
calculations, the valuations, the procedures, have all formed a series
of impulsive acts co-ordinated by a single error, the error of the
French politicians who had the one aim of holding Germany down.


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