Abstract

Financial Recovery in Italy

February 28, 1920 issue

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This article presents a discussion by Signor M. Ferraris, Italian Senator and former Minister of the Crown, of the Italian exchange situation that was printed by the "Anglo-Italian Review." The rates of exchange on foreign countries and the mercantile freights are the two most serious problems of the present moment. They are chiefly responsible for the high prices now obtaining, and for the economic and social unrest among the peoples. A high, unfavorable exchange is the surest index of the unsatisfactory general conditions of any country, such as external danger of complications leading to war, internal instability of order and social peace, and adverse balances in Government and local budgets.

See Also:

FINANCE; FOREIGN exchange rates; BUDGET; PAPER money; FOREIGN exchange; ITALY
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