GERMANY: Adam's Apple

Into German politics last week a big red apple of discord was flung by Minister of Labor Adam Stegerwald. Up to now it has been very much the fashion for German statesmen to paint their country as poor, to picture their businessmen as pressed for cash, dependent on foreign loans. With blazing frankness Herr Stegerwald revealed that today the German moneyed class have on loan abroad more than eight billion marks ($2,000,000,000). This sum would suffice to meet Germany's "crushing payments" under the Young Plan for four years.

Mincing no words, brusque...

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