BERLIN — Germany will finally pay off the last of its debts from World War One this Sunday, on the 20th anniversary of German reunification.Read the rest here.
Germany's federal office for central services and unresolved property issues (BADV) said on Tuesday a bond issued to pay remaining debts stemming from the conflict would mature on Oct. 3, two decades after West and East Germany united.
The final 70 million euro ($94 million) installment will close a 92-year chapter that saw Germany plunge into totalitarian dictatorship and trigger a second world war that ended with its division during four decades of Cold War.
"On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany," the country's biggest-selling newspaper, Bild, said on Tuesday.
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It's a ridiculous debt.
ReplyDeleteAgreed. It should have stayed repudiated after WW2.
ReplyDeleteSurely the British and French owe for the mess they left in the Middle East?