Germany to settle outstanding WWI debt

Germany to settle outstanding WWI debt

news.yahoo.com

Germany marks 20 years since reunification with pomp and ceremonies on Sunday — and a final payment for outstanding interest due on loans dating back to the years after World War I.

Germany's Office for Central Services and Unresolved Property Issues said Thursday the last installment will be paid on Oct. 3, as the country makes good on a 1953 international agreement.

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Well, Germany [as of Oct. 3] will be free of all debt owed for World War I reparations. I still believe Germany was unfairly blamed for everything, and was forced into paying such a large amount. Wasn't this the reason for Hitlers rising to power? Well, whatever it lead to, it's finally over, and done with. The case can be closed on this note.

Some happy news, in a time of troubles.

PS: The paid amount is roughly $630Billion [as of 2005].

news.yahoo.com
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