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BullNBear52

07/12/15 10:36 AM

#235409 RE: fuagf #235404

You're really talking about 2 entirely different situations.

One of the problems that caused WWII was the harsh conditions we imposed on Germany after WWI. The debt relief that Germany received after WWII included the debt owed after WWI.

The total under negotiation was 16 billion marks of debt resulting from the Treaty of Versailles after World War I which had not been paid in the 1930s, but which Germany decided to repay to restore its reputation. This money was owed to government and private banks in the U.S., France and Britain. Another 16 billion marks represented postwar loans by the U.S. Under the London Debts Agreement of 1953, the repayable amount was reduced by 50% to about 15 billion marks and stretched out over 30 years, and compared to the fast-growing German economy were of minor impact.[2]

https://en.wikipedia.org/wiki/London_Agreement_on_German_External_Debts

The agreement allowed Germany to enter international economic institutions such as the World Bank, International Monetary Fund and World Trade Organization.

This is a completely different situation. Greece has acknowledged cooking their cooks, they don't collect taxes and now they are coming back a 3rd time asking for new loans.