Several of the Countries Involved Still Paying World War I Debt


Sun, Nov 2nd, 2014 11:00 by capnasty NEWS

According to Quartz, even after 100 years having passed since the start of World War I, several of the countries that were involved in the global conflict are still paying debts related to it. Germany's done paying, England is not.

In 1953, following the end of the Second World War, West Germany agreed at a conference in London to pay off its debts from before World War II, and in return was allowed to wait until reunification before paying €125 million in outstanding interest owed from 1945-1952. In 1990, the Berlin wall fell and Germany started paying off that interest—the very last of which was paid in October 2010 on the 20th anniversary of reunification.

One of the lessons of World War Two was the consequences of lumbering a losing nation with huge debts.



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