NEWS OF THE WEEK.
THE industrial situation at home is easier, but the state of
Central Europe inspires grave concern. We are not greatly impressed by the Magyars' theatrical declaration that they have become Bolsheviks in order to fight the Czech°. Slovak and Rumanian bourgeois. Hungary has broken the Armistice, but she is in no condition to resume the war, nor can Trotsky's hordes engage in regular operations outside Russia. Marshal Foch would have no difficulty in restoring order in Hungary. The trouble lies not in Budapest but in Paris, where the 'Allied statesmen seem to be affected with a temporary paralysis. We arc regaled with rumours that the Allied chiefs have almost finished drafting the terms of Peace, but, while they debate in secret, the world does not stand still. We discuss this crucial matter elsewhere.
