Berlin:
The “Grand Coalition” government of Chancellor
Hermann Mueller falls. Having held
together long enough to see the Young Plan through, against growing financial
pressure, it falls apart now over a disagreement about funding unemployment
insurance. Two of the political parties
that make up Mueller’s government, the German People’s Party and the Social
Democrats –Mueller’s own party – cannot agree on the matter, and the Social
Democrats announce they are withdrawing.
The Social Democrats, representing primarily socialists, want to see unemployment insurance funded to the fullest extent possible, despite the cry from many in the populace for relief from taxes. The German People’s Party, representing primarily industrialists, want to see the cost of funding the unemployment insurance reduced. Mueller and many of the socialists were prepared to negotiate a compromise, but Rudolf Wissell, Social Democrat Minister of Labor, wouldn’t budge and led the withdrawal. Mueller tendered his resignation to President Paul von Hindenburg shortly thereafter.
The Social Democrats, representing primarily socialists, want to see unemployment insurance funded to the fullest extent possible, despite the cry from many in the populace for relief from taxes. The German People’s Party, representing primarily industrialists, want to see the cost of funding the unemployment insurance reduced. Mueller and many of the socialists were prepared to negotiate a compromise, but Rudolf Wissell, Social Democrat Minister of Labor, wouldn’t budge and led the withdrawal. Mueller tendered his resignation to President Paul von Hindenburg shortly thereafter.
Mueller’s cabinet has governed
since June 1928. Early speculation
centers on Heinrich Bruening, a centrist, as a replacement. Mueller himself has recommended him.
The Mueller cabinet
Elsewhere:
England: More evidence of the worldwide economic
depression: a new survey shows that 100,000 mill workers are unemployed in
Lancashire. Sources call it the worst
economic depression in that part of the country since the 1860s.
Tokyo: The government still hasn’t replied to a U.S.-backed proposal from the London Naval Conference that Japan accept a 66-2/3 ratio of capital ships compared to the U.S. and Great Britain (which is less than the 70% Japan sought). Sources say opposition to the reduced ratio from within the naval general staff is so fierce, the government is fearful of precipitating a crisis if it moves too quickly.
Tokyo: The government still hasn’t replied to a U.S.-backed proposal from the London Naval Conference that Japan accept a 66-2/3 ratio of capital ships compared to the U.S. and Great Britain (which is less than the 70% Japan sought). Sources say opposition to the reduced ratio from within the naval general staff is so fierce, the government is fearful of precipitating a crisis if it moves too quickly.
No comments:
Post a Comment