Word: settlements
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...great financiers assembled in Paris as the Second Dawes Committee spent last week in elaborating privately their plan of creating a stupendous Bank of International Settlement (TIME, March 11) to deal simultaneously and on a business basis with every phase of the German...
Finally last week the delegates achieved sufficient unity to issue a joint mimeographed statement-the first released since the Second Dawes Committee assembled. Though couched in the most general terms, it was well calculated to quiet fears that the new Bank of International Settlement will prove a dangerous competitor of other banks and bond houses. "... The institution to be created," read the statement, "would strictly avoid competition with existing commercial and investment banking institutions and would consider it to be of prime necessity to act in close co-operation with existing central banks of issue. In fact, the bank would...
...Among the European delegations it is realized clearly," said the Voegler-controlled Zeitung "that the Second Dawes Committee will not bring a definite settlement of the Reparations problem, but that a relatively favorable partial solution can be counted upon which will take account of the interests of all concerned. A definite solution of the whole complex problem will be possible only when the United States will consider a re-examination of its War debt demands...
...great war led to the disruption, in some measure, of most of the states which possessed minorities. The Hapsburg Empire disappeared entirely, while Germany and Russia lost large areas on their frontiers and the Turk was all but driven out of Europe. In the peace settlements of 1919 the principle of national self-determination was applied in an imperfect way to the problem of territorial readjustment. In view of the vagueness of national frontiers a settlement of entirely satisfactory character was out of the question. Clearly defined national frontiers could have been established only if the principle of deportation...
...great weakness of the peace settlement was not that it had not solved this question, but that it had not followed the principle of self-determination as far as possible. In the desire to weaken the defeated central powers and to strengthen the smaller or newly-created succession states considerations of strategy, of communications and of geography were allowed to play into the settlement of the frontiers, with the result that since the war there have been more submerged minorities and more irredentas than before. Add to this the fact that these minorities have become nationally more and more conscious...