World War I Ends….This Sunday?

Give the Germans credit; they pay their debts. As the Daily Telegraph reports, this sunday the German government makes its final payment on reparations from the First World War. (They would have done it earlier, but Hitler stopped making payments. An excerpt:

“‘On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany,” said Bild, the country’s biggest selling newspaper.

Most of the money goes to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles, where Germany was made to sign the ‘war guilt’ clause, accepting blame for the war.

France, which had been ravaged by the war, pushed hardest for the steepest possible fiscal punishment for Germany. “

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