Abstract

Austria Wavers Toward Reaction

Gedye, G. E. R. | November 2, 1927 issue

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Austria, which was, once remarked one of those witty self-critics whom Vienna has produced in far greater numbers than she has vigorous reformers, is destined to be always one idea too late. The present ever-growing movement of the Heimwehr, or home-defense forces, is proof that the epigram is still true. The movement grew indirectly out of the riots and hooting of July 15, 1927. The majority of those engaged in promoting it would declare that it grew directly out of those deplorable events. The speculative banks collapsed, the power of the big banks diminished while they were busy trying to cut their losses in safety and the provincial banks attained an undreamed-of importance.

See Also:

DEMONSTRATIONS; RIOTS; REFORMERS; HEIMWEHR (Movement : Austria); BANKS & banking; VIENNA (Austria); AUSTRIA
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