Today, Wilfrid Baumgartner, the director of the Mouvement général des fonds, reported to the government that France for all intents and purposes was bankrupt.
France has been struggling financially since the end of last year. The franc has slid so much in the past few months that the government is nearly depleted. The country is in dire need as so many other countries in the world today, of a line of credit to stay afloat.
This development rules out and action France might take against Germany's remilitarization of the Rhineland and its repeated violations of the Treaty of Versailles.
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