Italy's Capacity to Pay

Archive Report

The Italian debt to the United States, the refunding of which is now under consideration by the Italian and American war debt commissions, amounted on May 15, 1925 to $2,138,543,852.77, according to the figures of the United States Treasury. Of this amount $l,647,869,197.96 represents principal, and $490,674,654.81 interest.

The attitude taken by the American commission in the negotiations with France, when it held the basic consideration to be the capacity of the debtor nation to pay, will be maintained in the negotiations with the Italian commission. This attitude was definitely set forth in the reply to the French proposal for settlement in which it was said, “We believe it is fully recognized by both commissions that the only basis of negotiation fair to both peoples ...

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