[The Economic Consequences of the Peace by John Maynard Keynes]@TWC D-Link bookThe Economic Consequences of the Peace CHAPTER V 89/118
In general, the Commission, acting through a subordinate body, will perform the same functions for Austria and Bulgaria as for Germany, and also, presumably, for Hungary and Turkey.[138] There are also many other relatively minor duties assigned to the Commission.
The above summary, however, shows sufficiently the scope and significance of its authority.
This authority is rendered of far greater significance by the fact that the demands of the Treaty generally exceed Germany's capacity.
Consequently the clauses which allow the Commission to make abatements, if in their judgment the economic conditions of Germany require it, will render it in many different particulars the arbiter of Germany's economic life.
The Commission is not only to inquire into Germany's general capacity to pay, and to decide (in the early years) what import of foodstuffs and raw materials is necessary; it is authorized to exert pressure on the German system of taxation (Annex II.para.
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