The renunciation of war indemnities, which has been greatly lauded in some quarters here, does not appear to me only in the shining light of the conc… - Gustav Stresemann

International indebtedness involves not only the usual slavery of debt, but the interest of the creditor nations in the debtor country.

I must say a few words here concerning the solution of the Polish problem.... Groeber has posed the question: Do I not overestimate the value of the military guarantees? Are not political guarantees in connection with good relations between Poland and Germany far better and more durable than it is possible fo military guarantees to be?... The past conduct of the Polish fraction in the Reichstag and the House of Deputies, and the attempts to have the German Ostmark question discussed as a question of international importance at world peace congresses, do not give my political friends a sufficient guarantee to think that future relations between Poland and Germany can be based solely on a formal paper friendship.

The restoration of German vitality is not guaranteed by the status quo ante. It will also be necessary to make territorial changes; don't let us hamper our statesmen with assertions to the effect that the German people do not want this.