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Maybe it's time Germany paid back its debts and war reparations?

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    Maybe it's time Germany paid back its debts and war reparations?

    No wonder the fookers are well off now, the US gave them tuliploads of cash, they didn't have to pay off their debts after the war like other countries

    "After the first default during the 1930s, the US gave Germany a "haircut" in 1953, reducing its debt problem to practically nothing. Germany has been in a very good position ever since, even as other Europeans were forced to endure the burdens of World War II and the consequences of the German occupation....

    With the exception of compensation paid out to forced laborers, Germany did not pay any reparations after 1990 -- and neither did it pay off the loans and occupation costs it pressed out of the countries it had occupied during World War II. Not to the Greeks, either....

    Germany's export industry has thrived on orders. The anti-Greek sentiment that is widespread in many German media outlets is highly dangerous. And we are sitting in a glass house: Germany's resurgence has only been possible through waiving extensive debt payments and stopping reparations to its World War II victims."



    Economic Historian: 'Germany Was Biggest Debt Transgressor of 20th Century' - SPIEGEL ONLINE - News - International
    Last edited by sasguru; 9 November 2011, 16:52.
    Hard Brexit now!
    #prayfornodeal

    #2
    Maybe it's time for a vast global debt write off? Obviously this will dissuade people from lending money again, the end result being that we all have to learn to live within our means.
    While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

    Comment


      #3
      Originally posted by sasguru View Post
      Germany's export industry has thrived on orders.
      Zey ver just following orders!

      Comment


        #4
        Originally posted by TimberWolf View Post
        Zey ver just following orders!
        “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

        Comment


          #5
          Anyway I think they'll rather have to pay out as the price for keeping the Euro going.
          Hard Brexit now!
          #prayfornodeal

          Comment


            #6
            Originally posted by sasguru View Post
            Anyway I think they'll rather have to pay out as the price for keeping the Euro going.
            In fact it is the Germans that should leave the Euro
            Let us not forget EU open doors immigration benefits IT contractors more than anyone

            Comment


              #7
              Originally posted by DodgyAgent View Post
              In fact it is the Germans that should leave the Euro
              Why would they? The Deutche Mark would immediately be a high value currency compared to the Euro and German products would be too expensive.
              Make no mistake, without the Euro they would be fecked (compare German economic performance in the 90s with the 00s).
              Last edited by sasguru; 9 November 2011, 17:33.
              Hard Brexit now!
              #prayfornodeal

              Comment


                #8
                Originally posted by sasguru View Post
                Why would they? The Deutche Mark would immediately be a high value currency compared to the Euro and German products would be too expensive.
                Make no mistake, without the Euro they would be fecked (compare German economic performance in the 90s with the 00s).
                At its inception Germany wasn't keen on the euro, France was the driving force.

                Didn't someone post this yesterday?
                Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

                Comment


                  #9
                  Originally posted by sasguru View Post
                  No wonder the fookers are well off now, the US gave them tuliploads of cash, they didn't have to pay off their debts after the war like other countries

                  "After the first default during the 1930s, the US gave Germany a "haircut" in 1953, reducing its debt problem to practically nothing. Germany has been in a very good position ever since, even as other Europeans were forced to endure the burdens of World War II and the consequences of the German occupation....

                  With the exception of compensation paid out to forced laborers, Germany did not pay any reparations after 1990 -- and neither did it pay off the loans and occupation costs it pressed out of the countries it had occupied during World War II. Not to the Greeks, either....

                  Germany's export industry has thrived on orders. The anti-Greek sentiment that is widespread in many German media outlets is highly dangerous. And we are sitting in a glass house: Germany's resurgence has only been possible through waiving extensive debt payments and stopping reparations to its World War II victims."



                  Economic Historian: 'Germany Was Biggest Debt Transgressor of 20th Century' - SPIEGEL ONLINE - News - International
                  Anyone (except Dodgy, obviously) who has not read Paul Kennedy's 'Rise and Fall of the Great Powers' should have a read. It charts great powers from 1500 to 2000 (well, 1980). I don't have it in front of me but he presents compelling analysis showing that the WWII Allied powers extracted coal (and maybe other commodities, I don't remember) at such an artificially low price that the losses to the German economy exceeded WW1 reparations.

                  Good book, anyway.

                  Comment


                    #10
                    Originally posted by sasguru View Post
                    Why would they? The Deutche Mark would immediately be a high value currency compared to the Euro and German products would be too expensive.
                    Make no mistake, without the Euro they would be fecked (compare German economic performance in the 90s with the 00s).
                    the Euro would be saved if the Germans left it. the reduction in its value would boost exports for the rest. At the moment the Euro can only be sustained if the Germans bail out the other economies that will not be able to adjust to economic conditions under its high current value.
                    Think laterally
                    Let us not forget EU open doors immigration benefits IT contractors more than anyone

                    Comment

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