Why Germany Is Just Paying Off WWI Debt

Interest on loans taken out to the pay the debt will be settled on Sunday, the 20th anniversary of German reunification.

 

It is about time, some would say.

 

More than nine decades after the war, Germany - now a leading European Union state and the largest economy in Europe - has long cast off its post-WWI image of a defeated, beleaguered Weimar Republic.

 

So why has it taken so long for it to shed its age-old debt?

 

The European nation was not expecting to lose the war, let alone anticipate being burdened with payments that would reach into the next century.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles