Word: austria
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Dates: during 1920-1929
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...lean, tall Dutchman and a U. S. citizen not very lean or very tall have been engaged for three and one-half and two years respectively in rehabilitating the fiscal administrations) of Austria and Hungary. Both men have borne the title: High Commissioner of the League of Nations. Both have administered huge, League-floated loans to such good effect that the budgets of Austria and Hungary balance and their currencies are stable...
...Reconstruction was influenced on one side by internal politics and on the other side by foreign politics. Neither Austria nor the League could justly expect 100 per cent satisfaction...
...enumerate positive results, . . . the entire [Austrian] fiscal policy is again based on solid foundations; the League's loan to Austria is considered everywhere as one of the safest investments in Europe, especially because it is covered in pledged revenues and securities more than four times its value...
...Personally, I leave Austria full of gratitude for the able co-operation I have received, not only in Austria itself, but abroad and especially...
Significance. Dr. Zimmermann's restrained allusion to the almost insuperable political difficulties which beset him in Austria does him credit. It was his thankless task to discharge 100,000 superfluous Government employes, as rapacious a band of entrenched bureaucrats as were ever left over from an overturned monarchial regime. Naturally, Dr. Zimmermann has remained, since that heroic and salutary pruning action, one of the best hated men in Austria; a symbol to the unstable and irresponsible factions in the Austrian Parliament of all that is abhorrent to scheming politicians. That the good Doctor's staunch inflexible Dutch honesty...