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France, hardly able to make ends meet, is to lend Yugo-Slavia 300,000,000 francs ($18,135,000). This step was decided by the Foreign Affairs Commission of the Chamber of Deputies...

Author: /time Magazine | Title: Foreign News: Balkan Banker | 7/9/1923 | See Source »

...reason for these loans is that France has particular interests to safeguard in Balkanized Europe. The loan to Yugo-Slavia not only stimulates the Little Entente, but helps French trade coming from the Near and Middle East. The loan to Poland contained a definite sub rosa military understanding that Poland was to assist France in case of attack by either Russia or Germany; or, in other words, she was to act the part of Belgium in North-Eastern Europe...

Author: /time Magazine | Title: Foreign News: Balkan Banker | 7/9/1923 | See Source »

...Turkish Delegation, and Eleutherios Venezelos, head of the Greek Delegation, had a verbal tiff. The trouble was over a discussion of a commercial convention. It had been agreed that the convention between Turkey and the Great Powers should last for five years, and only two years for Rumania, Yugo-Slavia and Greece. Ismet Pasha suddenly announced that, as Turkey did not do much business with Rumania and Yugoslavia, he would be willing to let the period stand at two years, but in view of the fact of commercial relations between Greece and Turkey being extremely extended he wanted the convention...

Author: /time Magazine | Title: THE NEAR EAST: A Flare-Up | 7/2/1923 | See Source »

...Chicagoan vaporings assert that " the British syndicate, which comprises a dozen big banks and shipping companies, proposes to reconstruct the railroads in Austria, Hungary, Czecho-Slovakia, Poland, Rumania, Yugo-Slavia, and possibly also Italy and Germany, and eventually Russia, in one vast private undertaking...

Author: /time Magazine | Title: AUSTRIA: Sheer Bunkum | 7/2/1923 | See Source »

Hungary is in a different position from Austria. Austria is a republic by the will of a majority of the people. Hungary is a monarchy by popular sentiment, but deprived of a King by the will of the Little Entente (Czechoslovakia, Yugo-Slavia, Rumania). The Habsburgs were not excluded from returning to the throne of Hungary by the Treaty of Trianon, and, despite the endeavors of the Little Entente through the Council of Ambassadors, the Habsburg family still remains eligible to reascend the throne, providing the Allied Powers approve. Czecho-Slovakia sees a danger to her new-won autonomy...

Author: /time Magazine | Title: CZECHO-SLOVAKIA: Propaganda | 6/25/1923 | See Source »

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