All by herself spunky little Belgium decided last week to default, thus set an example to the pandemoniac French Chamber of Deputies which led directly to the default of France (see p. 11).
In Brussels there was no pandemonium. The question to pay or to default was not debated by a brawling Belgian Chamber but dispassionately considered by "His Majesty in Council"—that is, by King Albert (who has no Council vote except to break a tie), Premier Count Charles de Broqueville and the rest of...
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