GERMANY: Vicious Circles

To cap German murmurings for a moratorium on Reparations payments (TIME, Oct. 27), came last week a clear-cut statement from Minister of Labor Adam Stegerwald.

"What we must have," he barked, "is not a moratorium but a complete revision of the Young plan of Reparations payments!"

"How much, then, is Germany really able to pay?" asked a correspondent.

Crisply Dr. Stegerwald shot back:

"If Germany's financial burden were a normal one we might logically consider keeping on paying approximately two billion marks [about $480,000,000] annual reparations. As it is, we simply...

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