Report by the Economic
[Babelsberg, July 24, 1945.2]
Second Report of the Economic Sub-Committee to the Foreign Ministers
- The Economic Sub-Committee regrets to have to report that after extensive discussions of the problems of German, Austrian, and Italian reparations, it has failed to come to agreement and consequently must refer these matters back to the Foreign Ministers for decision.
- The Sub-Committee has recognized the liability of Germany, Austria, and Italy to exactions on account of reparation.
- With respect to Germany, the Sub-Committee is in agreement that substantial reparations should be made. The Sub-Committee has been unable, however, to agree on the method for carrying out a program of such reparations.
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