Book contents
- Frontmatter
- Contents
- General Introduction
- Editorial Foreword
- Preface
- 1 THE STATE OF OPINION
- 2 FROM THE RATIFICATION OF THE TREATY OF VERSAILLES TO THE SECOND ULTIMATUM OF LONDON
- 3 THE BURDEN OF THE LONDON SETTLEMENT
- 4 THE REPARATION BILL
- 5 THE LEGALITY OF THE CLAIM FOR PENSIONS
- 6 REPARATION, INTER-ALLY DEBT, AND INTERNATIONAL TRADE
- 7 THE REVISION OF THE TREATY AND THE SETTLEMENT OF EUROPE
- APPENDIX OF DOCUMENTS
- Index
7 - THE REVISION OF THE TREATY AND THE SETTLEMENT OF EUROPE
Published online by Cambridge University Press: 05 November 2012
- Frontmatter
- Contents
- General Introduction
- Editorial Foreword
- Preface
- 1 THE STATE OF OPINION
- 2 FROM THE RATIFICATION OF THE TREATY OF VERSAILLES TO THE SECOND ULTIMATUM OF LONDON
- 3 THE BURDEN OF THE LONDON SETTLEMENT
- 4 THE REPARATION BILL
- 5 THE LEGALITY OF THE CLAIM FOR PENSIONS
- 6 REPARATION, INTER-ALLY DEBT, AND INTERNATIONAL TRADE
- 7 THE REVISION OF THE TREATY AND THE SETTLEMENT OF EUROPE
- APPENDIX OF DOCUMENTS
- Index
Summary
Shylock. I'll have my bond; I will not hear thee speak: I'll have my bond; and therefore speak no more.
The deeper and the fouler the bogs into which Mr Lloyd George leads us, the more credit is his for getting us out. He leads us in to satisfy our desires; he leads us out to save our souls. He hands us down the primrose path and puts out the bonfire just in time. Who, ever before, enjoyed the best of heaven and hell as we do?
In England, opinion has nearly completed its swing, and the Prime Minister is making ready to win a General Election on Forbidding Germany to Pay, Employment for Everyone, and a Happier Europe for All. Why not, indeed? But this Faustus of ours shakes too quickly his kaleidoscope of haloes and hellfire, for me to depict the hues as they melt into one another. I shall do better to construct an independent solution, which is possible in the sense that nothing but a change in the popular will is necessary to achieve it, hoping to influence this will a little, but leaving it to those whose business it is to gauge the moment at which it will be safe to embroider such patterns on a political banner.
If I look back two years and read again what I wrote then, I see that perils which were ahead are now passed safely. The patience of the common people of Europe and the stability of its institutions have survived the worst shocks they will receive. Two years ago the Treaty, which outraged justice, mercy, and wisdom, represented the momentary will of the victorious countries.
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- The Collected Writings of John Maynard Keynes , pp. 115 - 130Publisher: Royal Economic SocietyPrint publication year: 1978