Show HUNGARY IS NOW BANKRUPT magyar political economist says interest on debt almost equals national production dr ede pali ina recent article in the az est of budapest entitled hopeless makes some startling reve fanua 11 iii i 1 to the he state finances of hungary according iv ov york times doctor babi Is not only ak a prominent magyar political economist but lie Is an ardent supporter of close economic relations with germany lie ile leads up to the statement that hungary Is insolvent by pointing out that while the pi deductions ions of hungary r alicd roil zed in the year before the war the war had cost the state alp ilp to march 1 and that an equal amount would he be necessary to liquidate nat national lonal expenses ne at the close of the war wai if the end ca came ne 1 soon hence while the whole national production has never exceeded the lie government will be called upon to pay in interest alone this Is lie says bihy w liy the magyar magyari refused to entertain the last war loan the true figures of which have never been published ile he predicts a revealed catastrophe with nith the floating of the new war loan if ille wage earners lie he declares to pay 50 per cent income tax and the fa farmers 50 per cent of their produce in taxes and the products were requisitioned entirely entire lN even then the needs of the state would not be covered and if the state were to seize tile the entire agricultural products of the country after the lie war from the producer would till still lc be wanting to cover the interest the estate has to pay on oil the war loans |