NOTHING NEW UNDER THE SUN (ALMOST)
19th May, 1922 : The Allies, meeting in Genoa, took time off from wrangling over German reparations and moved to the even thornier question of Russia’s debts. Lenin’s Bolshevik regime repudiated debts contracted under the Czar and refuses to pay compensation for property seized during the revolution. Though the Russians agreed to come to Genoa, it was not to negotiate, as others had hoped, but simply to demonstrate their intransigence. They have been told by the Allies that diplomatic recognition is out of the question until the debt issue has been settled. This evening the conference broke up without the Allies reaching agreement on a common front. They plan on holding another meeting next month at The Hague.
[Hope springs eternal in the human breast]