711.00 Statement July 16, 1937/278

The Greek Ministry for Foreign Affairs to the American Legation in Greece42

[Translation]

By an Aide-Mémoire dated August 16, the Ministry of Foreign Affairs had the honor to make known to the Legation of the United States of America the reply of the Chief of the Government to the declarations of the Secretary of State, Mr. Hull. The Ministry of Foreign Affairs has the honor to send herewith to the Legation of the United States of America a supplementary Aide-Mémoire containing the point of view of the Greek Government on economic disarmament, with the request that the Legation be kind enough to transmit it to the Government of the United States.

[Page 799]
[Enclosure—Translation]

Aide-Mémoire by the Greek Ministry for Foreign Affairs

Greece sincerely appreciates all efforts which are or may be made in the international domain, with a view to the strengthening of economic stability and security in the world by means of a gradual return to freedom of trade.

The more by reason of its economic structure, Greece has always felt the need of such liberty, and its interests were the first to be injured by the introduction of restrictive systems in the different countries. Consequently, it is only as a means of defense that, in spite of itself, Greece was forced in its turn to follow this path which, in its view, should constitute only a transitory situation. Thus it can but approve the efforts which are made to escape gradually.

However, the Greek Government does not envisage this possibility except within the framework of an international movement tending to the reestablishment of a free play of economic factors as a whole. Thus, if one wishes to arrive at lasting practical results in the domain of world economy, it would not be possible, in its view, to consider solely the free exchange of the results of production, that is to say, of merchandise, and neglect the factors of production, such as labor and capital. It is in the free play of a combination of all these factors together that the Royal Government sees the means of overcoming the economic difficulties which now weigh upon international life.

Thus it would be ready to collaborate, in this sense, in a collective effort aiming to create the necessary conditions for the reestablishment of a normal economic situation in the world.

  1. Copy transmitted to the Department by the Chargé in Greece in his despatch No. 1842, August 21; received September 7.