A Ray of Sunshine in Europe
Herr Cuno, German Chancellor, made his expected reparations offer of 30,000,000,000 gold marks ($7,140,000,000). This amount is only the vanguard of the real German offer which will be 50,000,000,000 gold marks ($11,900,000,000), representing the maximum amount Germany can pay.
The Germans, as well as the rest of the world, knew that a small offer would be unacceptable to the French and Belgians before they made it. Their sole aim was to create a pied a terre for future discussion and settlement of the vexatious reparations problem. It...