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Diplomacy and Loans: the Foreign Office, Economic Reconstruction, and Security in South-Eastern Europe in the 1920s

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2012
Authors
Bakić, Dragan
Article (Published version)
,
Taylor & Francis Group
Metadata
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Abstract
This article embarks on the discussion of tensions between political and financial strands of British policy towards two smaller states in South-Eastern Europe – Hungary and Bulgaria – during the first decade after the First World War. The two case studies examine the way in which conflicting agendas of the Foreign Office and the Treasury affected each other in connexion with reconstruction loans given to Hungary and Bulgaria. They touch on that part of foreign policy where both the Foreign Office and the Treasury were concerned, and where economic reconstruction, promoted by the latter, clashed with what were primarily security considerations, pursued by the former. The role of London as a financial centre of the world and the key position of the Bank of England in carrying out collaborative enterprises of great international banks provided the Foreign Office with a valuable lever to bring pressure to bear on the smaller South-Eastern European Countries and force them conform to White...hall's expectations. However, the opportunities this offered invariably went begging due to the Treasury's unfaltering resolve to proceed with its own schemes and its refusal to cooperate with the Foreign Office and allow it to achieve its political goals.

Keywords:
Foreign Office / Treasury / security / loans
Source:
The International History Review, 2012, 34, 4, 631-653
Publisher:
  • Taylor & Francis Group

DOI: 10.1080/07075332.2012.675201

ISSN: 0707-5332

WoS: 000315792700001

Scopus: 2-s2.0-84876578778
[ Google Scholar ]
1
Handle
https://hdl.handle.net/21.15107/rcub_dais_5257
URI
https://dais.sanu.ac.rs/123456789/5257
Collections
  • BI SANU - Opšta kolekcija / General collection
Institution/Community
Балканолошки институт САНУ / Institute for Balkan Studies SASA
TY  - JOUR
AU  - Bakić, Dragan
PY  - 2012
UR  - https://dais.sanu.ac.rs/123456789/5257
AB  - This article embarks on the discussion of tensions between political and financial strands of British policy towards two smaller states in South-Eastern Europe – Hungary and Bulgaria – during the first decade after the First World War. The two case studies examine the way in which conflicting agendas of the Foreign Office and the Treasury affected each other in connexion with reconstruction loans given to Hungary and Bulgaria. They touch on that part of foreign policy where both the Foreign Office and the Treasury were concerned, and where economic reconstruction, promoted by the latter, clashed with what were primarily security considerations, pursued by the former. The role of London as a financial centre of the world and the key position of the Bank of England in carrying out collaborative enterprises of great international banks provided the Foreign Office with a valuable lever to bring pressure to bear on the smaller South-Eastern European Countries and force them conform to Whitehall's expectations. However, the opportunities this offered invariably went begging due to the Treasury's unfaltering resolve to proceed with its own schemes and its refusal to cooperate with the Foreign Office and allow it to achieve its political goals.
PB  - Taylor & Francis Group
T2  - The International History Review
T1  - Diplomacy and Loans: the Foreign Office, Economic Reconstruction, and Security in South-Eastern Europe in the 1920s
SP  - 631
EP  - 653
VL  - 34
IS  - 4
DO  - 10.1080/07075332.2012.675201
UR  - https://hdl.handle.net/21.15107/rcub_dais_5257
ER  - 
@article{
author = "Bakić, Dragan",
year = "2012",
abstract = "This article embarks on the discussion of tensions between political and financial strands of British policy towards two smaller states in South-Eastern Europe – Hungary and Bulgaria – during the first decade after the First World War. The two case studies examine the way in which conflicting agendas of the Foreign Office and the Treasury affected each other in connexion with reconstruction loans given to Hungary and Bulgaria. They touch on that part of foreign policy where both the Foreign Office and the Treasury were concerned, and where economic reconstruction, promoted by the latter, clashed with what were primarily security considerations, pursued by the former. The role of London as a financial centre of the world and the key position of the Bank of England in carrying out collaborative enterprises of great international banks provided the Foreign Office with a valuable lever to bring pressure to bear on the smaller South-Eastern European Countries and force them conform to Whitehall's expectations. However, the opportunities this offered invariably went begging due to the Treasury's unfaltering resolve to proceed with its own schemes and its refusal to cooperate with the Foreign Office and allow it to achieve its political goals.",
publisher = "Taylor & Francis Group",
journal = "The International History Review",
title = "Diplomacy and Loans: the Foreign Office, Economic Reconstruction, and Security in South-Eastern Europe in the 1920s",
pages = "631-653",
volume = "34",
number = "4",
doi = "10.1080/07075332.2012.675201",
url = "https://hdl.handle.net/21.15107/rcub_dais_5257"
}
Bakić, D.. (2012). Diplomacy and Loans: the Foreign Office, Economic Reconstruction, and Security in South-Eastern Europe in the 1920s. in The International History Review
Taylor & Francis Group., 34(4), 631-653.
https://doi.org/10.1080/07075332.2012.675201
https://hdl.handle.net/21.15107/rcub_dais_5257
Bakić D. Diplomacy and Loans: the Foreign Office, Economic Reconstruction, and Security in South-Eastern Europe in the 1920s. in The International History Review. 2012;34(4):631-653.
doi:10.1080/07075332.2012.675201
https://hdl.handle.net/21.15107/rcub_dais_5257 .
Bakić, Dragan, "Diplomacy and Loans: the Foreign Office, Economic Reconstruction, and Security in South-Eastern Europe in the 1920s" in The International History Review, 34, no. 4 (2012):631-653,
https://doi.org/10.1080/07075332.2012.675201 .,
https://hdl.handle.net/21.15107/rcub_dais_5257 .

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