日本語訳をお願い致します。
Two great issues lay as impediments to convocation of a multilateral convention to plan the economic reconstruction of Europe. One was the issue of reparations, regarded as the primary matter of contention between the Triple Entente powers of France and Great Britain in the postwar era. At issue was whether the terms of economic reparations in the Treaty of Versailles, which ended World War I, were to be enforced or amended. On the one hand was the British view that massive reconstruction costs laid upon Germany would undermine European economic recovery and thereby the market for British exports of manufactured goods. The French, on the other hand, believed that if Germany were allowed to skirt the severe financial obligations detailed in the peace treaty, its economic rise would be massively accelerated and its political and military hegemony on the European continent rapidly restored.
France, among the main battlegrounds of the European conflagration, was particularly hard-hit and in need of external funds for reconstruction; Germany, on the other hand, was seen as having largely escaped the destruction of infrastructure and economic capacity during the war and currently engaged in systematic underestimation of their ability to pay. The political and economic weakness of Germany was emphasized by its new Weimar government, which effectively made the argument that it would be unable to maintain the specified payment schedule.
Germany's position came to be regarded as an axiomatic truth by political decision-makers in London and Washington, DC, as well as elsewhere throughout, despite quiet indications from some German authorities themselves that some substantial portion of the reparations bill could be safely managed. German politicians sought to minimize the country's tax burden through the acquisition of foreign loans and the reduction of the overall reparations bill. British, American, and Swiss bankers were for their own part adamant that necessary loans would not be available until a final, achievable reparations bill and repayment schedule could be agreed upon by all main parties in the dispute. In the meantime, German authorities attempted to raise the foreign currency necessary for reparations by dumping paper currency unbacked by gold on the market, triggering a hyperinflation paralyzing the country's economy, which had a desired subsidiary effect of helping make the case that the current schedule of reparations was untenable. It was hoped by Germany, Britain, and the United States and feared by France that the Genoa Conference would provide an opportunity for downward revision of the reparations schedule set forth by treaty.
お礼
ありがとうございました