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...primer of the Balkans would begin by describing them as a backward group of peewee States (Yugoslavia, Rumania, Bulgaria, Albania, Greece) whose combined outline is wedge-shaped like South America's. Like the South American States, the Balkans have been characterized by their propensity for rapid and explosive political change, by their archaic society, which has kept the land largely primitively agricultural and industrially undeveloped. The 310,000 square miles of Balkan territory are naturally rich. Economically this territory is important to both Germany and England because it is a source of raw materials and a market for manufactured...

Author: /time Magazine | Title: YUGOSLAVIA: Trustee | 12/12/1938 | See Source »

...Hungary last week the Cabinet fell (and rose again four days later) as a result of demonstrations in Budapest by grab crazy mobs who did not think that Hungary's 4,800-square-mile grab was enough. In Sofia, Bulgaria, grab fever rose high at week's end, the 19th anniversary of the Treaty of Neuilly. Through Sofia's streets day before the anniversary milled a defiant crowd of 20,000 who demanded land back from Rumania, Yugoslavia, Greece. Martial law was declared, firemen turned their hoses on demonstrators, 1,000 were arrested. Chances are that...

Author: /time Magazine | Title: THE BALKANS: Grab Crazy | 12/5/1938 | See Source »

Since Munich the element of reluctance has given way to alacrity in the Balkans where Germany is concerned. Dr. Funk announced last week that the Economics Ministers of Turkey, Yugoslavia and Bulgaria have all "gladly accepted" his invitations to come to Berlin and talk further big business soon...

Author: /time Magazine | Title: Foreign News: Funk's Finance | 10/31/1938 | See Source »

...Balkan Axis." Declared the German Economics Minister: "Yugoslavia, Bulgaria and Turkey, which are political friends, form a kind of Balkan axis which reaches from the German border to the Black Sea. This fact made it possible to negotiate great economic reconstruction plans for all three countries, including extensive road construction and telephone and cable installation...

Author: /time Magazine | Title: Foreign News: Funk's Finance | 10/31/1938 | See Source »

...Yugoslavia, Bulgaria and Turkey] command rich natural resources, unexploited so far. They will now increase production of agricultural products for which Germany has a special demand, such as cotton and oil cake, and will adapt them for German quality demands. Already about half the foreign trade of these three countries is conducted with Germany and in connection with the crisis-proof German economy this enabled them to overcome the last world economic crisis...

Author: /time Magazine | Title: Foreign News: Funk's Finance | 10/31/1938 | See Source »

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