Abstract

Saving Hungary

Lengyel, Emil | February 20, 1924 issue

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Hungary has experienced a series of economical crises during the last year. The Hungarian currency joined the rank of those continental European exchanges whose value has been dwindling to microscopic dimensions. The Prime Minister of Hungary Count Stephen Bethlen, applied to the League of Nations for a Hungarian loan to stabilize the situation. A financial delegation appointed by the League went to Budapest in November 1923 in order to obtain firsthand information concerning Hungarian conditions. The granting of the loan was recommended and preliminary arrangements were made.

See Also:

ECONOMIC assistance; FINANCIAL aid; LOANS; LEAGUE of Nations; HUNGARY -- Economic conditions -- 1918-1945; HUNGARY
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