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Show EUROPEAN FINANCES AM IN BAD SHAPE Rome, Jan. 9, S 15 p m. "From a financial point of view the year 1915 could not have closed worse than it did for all the belligerent countries," said Signor Luigi Luzzatti, former Italian premier, in an interview published today inthe Tribuna. "The exchange rate paid by the central empires," em-pires," he continued, "is getting worse every day, ovidently due to the requirements re-quirements of their purchases abroad since the advance in the Balkans opened those markets to them. Trance, the chief monetary power in Europe, loses on the exchange with all countries except Rusla and Italy." The Italian statesman attributes the acvance in exchange to speculation. rr |