Word: stillhaltung
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With the near approach of the Stillhaltung conference in a few weeks to determine the future of the moratorium on repayment of Germany's short term obligations, the economic prostration of Germany is revealed more and more clearly by a nation disarmingly frank in dealing with its multitudinous creditors, particularly of the Western Hemisphere. Dr. Hjalmar Schacht, Governor of the Reichsbank, is never at a loss to deal with the financial situation, and has seen to it that Germany shall secure her place among debtor nations as a country on the very verge of financial catastrophe, one which must...
...Short-term credits in Hungary will be converted into long-term credits under a stillhaltung agreement (similar to that in Germany) which was being negotiated last week with Hungary's short-term creditors...
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