Strange but true - Germany to finally finish paying WW1 reparations

borntorum

Well-known member
Joined
May 26, 2008
Messages
12,633
Bizarrely enough, only this weekend will Germany finally pay off the last of the interest on the loans taken out to repay the reparations forced on it by the Treaty of Versailles.

While celebrating the 20th anniversary of German unification on Sunday, the country will make its final payment for reparations as outlined in the Treaty of Versailles that concluded World War I, Der Spiegel reported.

The payment will be the final installment of interest on foreign bonds Germany issued in the inter-war period to raise necessary funds to pay reparations to the Allies following its defeat 92 years ago.
'Germany makes final payment for WWI reparations'


"On Sunday, the last bill is due," declared the German newspaper Bild this week, "and the first world war finally, financially at least, terminates for Germany."
Are they in some sense still fighting the war? ;)
 


rockofcashel

Well-known member
Joined
Jan 23, 2005
Messages
7,998
Website
www.sinnfein.ie
Thats 91 years the Germans spending paying off the price of WW1.. How long will we be paying off for the economic war we just went through ?
 

Pauli

Well-known member
Joined
Sep 22, 2006
Messages
1,181

spidermom

Well-known member
Joined
Sep 13, 2008
Messages
9,148

Dunlin3

Well-known member
Joined
Jan 31, 2009
Messages
3,174
The people of this country may still be paying reparations for the actions of Fianna Fail in 90 years time.
 

Passionateheart

Active member
Joined
May 22, 2010
Messages
166
Heard it said it cost The Fatherland in today's terms a total of 24 Billion Euros, which is a hell of a lot for ridiculously claiming full responsibility for that insanity and that was just to have it over with! We are now told our insane Anglo bail out where nobody claimed responsibility will cost over 8 times the original estimate over 30 Billion and although this is the final figure it could a be ah a few billion or 2 more! If this isn't insanity virtually on a parallel with that war, I don't know what is! I'll grant you the death toll will be substantially lower and the world order won't be changed at all, indeed our ah, betters who caused it all will still be in charge with no consequences. Maybe a few of those betters will need coronary care as they will be laughing at the little people so much!
Remember our population and economic structure is nothing like the Krauts, being smaller and in terms of established real viable indigenous industries, we have almost nothing!
We are now at the stage of being a dead country effectively at the level of the GDR before the wall collapsed, but we have no Federal Republic willing to bail us out, only our European masters only to delighted to ride us red raw!
Of course we have nobody organising protests like that prior to the wall fall as our trade union movement is well and truly bought off!
 

vanla sighs

Well-known member
Joined
Sep 1, 2009
Messages
5,089
Yeah, heard that, lol. In 90 odd years time they'll be saying: Ireland finally finishes paying for NAMA and bank bailouts. Actually, maybe add a hunded years to that.
 
Last edited:

GreenBack

Active member
Joined
Sep 16, 2009
Messages
227
Heard it said it cost The Fatherland in today's terms a total of 24 Billion Euros, which is a hell of a lot for ridiculously claiming full responsibility for that insanity and that was just to have it over with! We are now told our insane Anglo bail out where nobody claimed responsibility will cost over 8 times the original estimate over 30 Billion and although this is the final figure it could a be ah a few billion or 2 more!
The allies were 'decent' enough to give Germany a break:

"Payments were suspended in the early 1930's... It was agreed at an international conference that the interest payments would not begin until Germany was reunified. When the Berlin wall fell in 1990, the country began its interest payments."

Do you think FF and senior bond holders will be as accommodating?
 

johnfás

Well-known member
Joined
Feb 22, 2007
Messages
2,715
Thats 91 years the Germans spending paying off the price of WW1..
Not really true. Hitler stopped paying the reparation debts when he came to power in 1933 and the debt was frozen following the division of Germany in 1945. They began repaying it in 1990 following reunification. The debt demanded was also reduced by almost half during the course of the intervening decades. So in reality they spent 34 years (1919-1933 and 1990-2010) paying back approximately half the price of the war debt which was imposed following WW1.
 

GreenBack

Active member
Joined
Sep 16, 2009
Messages
227
Yeah, heard that, lol. In 90 odd years time they'll be saying: Ireland finally finishes paying for NAMA and bank bailouts. Actually, maybe add a hunded years to that.
And Ireland will be paying to the same groups as the Kaiser's Germany:

Most of the money goes to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles.
Germany end World War One reparations after 92 years with £59m final payment | Mail Online
 


New Threads

Most Replies

Top