The League of Nations loan to Hungary in 1924 with special regard to Yugoslav aspects
The League of Nations loan to Hungary in 1924 with special regard to Yugoslav aspects

Summary/Abstract: The study examines Yugoslavia’s attitude towards the Hungarian government’s initiative (from 1923-1924) to obtain an external loan under the supervision of the League of Nations. It can be seen that Hungary's efforts to obtain a loan have attracted the attention of all states in the Little Entente. If the Czechoslovaks were more concessive, the Romanians and Yugoslavs sought to ensure that the Hungarian loan would not affect their political interests, nor would affect the Budapest pay for war reparations. According to Belgrade the matter of the Hungarian loan was a purely political issue. If Hungary would receive the loan it would become an even worse neighbor to Yugoslavia than before and would increasingly believe that revision was a possibility. However, following negotiations with Hungary, as well as pressure from the Great Powers (Great Britain, France and Italy), which were interested in Hungary obtaining the loan, the states of the Little Entente accepted the international financial plan. As a result, in March 1924 the agreement on the conditions for the loan was signed.

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