3 NOVEMBER 1923, Page 1

NEWS OF THE WEEK.

THE possibility of saving Germany from the collapse with which she is more than ever threatened depends in the latest phase upon two things—upon the help which America gives to Europe in an inquiry into the whole economic situation and upon the outcome of the extra- ordinarily artificial movement of the Separatists in the Rhineland. As regards bringing America into consulta- tion, the policy of the Government, we are glad to say, is evidently to get an American representative to Europe no matter on what terms. At first it seemed that the Cabinet inclined towards the rather hopeless policy of trying to talk M. Poincare over before definitely inviting America to a Conference. But it was soon recognized that the process would take years even if it succeeded. For M. Poincare, directly the Conference was proposed, began to hedge it round with conditions which from the British point of view might make it quite incapable of changing or even influencing French policy.

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