"We are not here to enforce or to defeat or to humiliate; we are here to understand and to consider our own problems objectively, to remember how closely, in essentials, we depend upon each other. . . . There can be no question about the inherent strength of the German economy provided that it has the capital resources that it requires. . . . But I think our first step is to decide with the greatest possible expedition the means by which this shall be definitely carried into effect. I emphasize: The...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!