Britain and the Reconstruction of Austria
The prime opportunity for raising a substantial loan for the reconstruction of Austria was in April 1922 at the Genoa Conference, the first meeting of the victor and the vanquished states in the interwar era. Lloyd George declared his goal of rebuilding the productive capacity of Central and Eastern Europe, and of facilitating the cooperation of the Successor States. The British Prime Minister was particularly supportive of the Austrian requests for international assistance. Nevertheless, Lloyd George faced mounting opposition to his ambitious project at home as well as abroad. During 1925, the Foreign Office reexamined all its earlier plans for redressing the geopolitical balance and recreating an economic equilibrium in Central Europe. But after the Locarno conference in October, these schemes were set aside for a long time.
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