92 years later, Germany pays off its debt

Franco Cozzo · 08-10-2010, 07:34 PM

All the talk of personal debt on the forums recently, 92 years later, Germany makes its final payment from the treaty of versailles on the 3rd of october.

http://news.yahoo.com/s/time/2010100...08599202314000

Wow, 92 years.

vztrt · 08-10-2010, 07:46 PM

But the country isn't debt free. This article is a little old but still they are in deep deep debt (remember Aus is about 6% of GDP).

http://ecommerce-journal.com/news/16..._euros_by_2013

Franco Cozzo · 08-10-2010, 07:50 PM

Quote:

Originally Posted by vztrt

But the country isn't debt free. This article is a little old but still they are in deep deep debt (remember Aus is about 6% of GDP).

http://ecommerce-journal.com/news/16..._euros_by_2013

Indeed, but still, it took 92 years to pay off the cost of WWI.

vztrt · 08-10-2010, 07:51 PM

Quote:

Originally Posted by Big Damo

Indeed, but still, it took 92 years to pay off the cost of WWI.

I'm pretty sure there was a certain leader they had that would have told the allies to shove it and he wasn't gonna pay.

Franco Cozzo · 08-10-2010, 07:54 PM

Quote:

Originally Posted by vztrt

I'm pretty sure there was a certain leader they had that would have told the allies to shove it and he wasn't gonna pay.

That was 1933 through to 1945 though, about 12 years.

GS608 · 08-10-2010, 07:57 PM

Quote:

Originally Posted by Big Damo

That was 1933 through to 1945 though, about 12 years.

Yeah but imagine the interest that built up through those 12 years of no payments

Keepleft · 08-10-2010, 07:58 PM

Quote:

Originally Posted by vztrt

I'm pretty sure there was a certain leader they had that would have told the allies to shove it and he wasn't gonna pay.

Well, the article did say that....

vztrt · 08-10-2010, 07:58 PM

Quote:

Originally Posted by Big Damo

That was 1933 through to 1945 though, about 12 years.

Then there was the cold war.

So defaults, penalties and interest. You would be surprised.

castellan · 09-10-2010, 01:54 PM

Quote:

Originally Posted by Big Damo

Indeed, but still, it took 92 years to pay off the cost of WWI.

And it was not even there fault, really was it.

Resurrection · 09-10-2010, 02:03 PM

Deutschland uber alles!

WMD351 · 09-10-2010, 02:37 PM

I've got a mate's gonna take about that long to pay me back $50

Mongoose · 09-10-2010, 02:39 PM

That's all well and good for WW1, but what were they forced to do/pay after WW2?

Resurrection · 09-10-2010, 02:55 PM

Quote:

Originally Posted by Mongoose

That's all well and good for WW1, but what were they forced to do/pay after WW2?

They are. The amount of money West Germany is pumping into East Germany is still high after the allies split the country for 45 years. Plus the secret payments made to Israel. Imagine how strong Germany would be if it didn't have all of these leaches sucking the money out of their economy!

Franco Cozzo · 09-10-2010, 03:39 PM

Quote:

Originally Posted by Resurrection

They are. The amount of money West Germany is pumping into East Germany is still high after the allies split the country for 45 years. Plus the secret payments made to Israel. Imagine how strong Germany would be if it didn't have all of these leaches sucking the money out of their economy!

We'd be ready for another world war with Germany again!

Iggypoppin' · 09-10-2010, 05:09 PM

If only America could repay war debts as quickly! Better still, perhaps not starting a war in the first place eh?

zdcol71 · 09-10-2010, 09:33 PM

I hope the moderators have got an eye on this!!!

Dave_Obsession · 09-10-2010, 09:37 PM

lol this thread has potential.....

Iggypoppin' · 09-10-2010, 10:31 PM

What exactly is wrong with it? What T&C are being breached?

GS608 · 09-10-2010, 11:03 PM

political?

Iggypoppin' · 09-10-2010, 11:21 PM

How? It's a country issue, not really political.

HLC · 10-10-2010, 01:05 AM

as far as im concerned, there is no problem with this thread.

But having a german background and being interested in war might have something to do with it.

Keep it clean- no probs.

Franco Cozzo · 10-10-2010, 03:52 PM

Treaty of Versailles is what I'm refering to when I say "debt".

Kamshaaft · 10-10-2010, 04:17 PM

Double post.

Kamshaaft · 10-10-2010, 04:17 PM

I believe it wasn't actually a war debt, but a fine emplaced upon them (the idea being that paying off the fine would be so encumberig that they wouldn't be able to assemble a large military or have the funds for campaigns.. hahahahahahahahaha).

irlewy86 · 10-10-2010, 08:03 PM

Never mind, the federal government introduced income tax to pay off Australia's WW1 debt.

I cant believe the English/French were so petty as too reinstate the Treaty of Versailles after Hitler used it as political ammunition.

Bucknaked · 10-10-2010, 08:25 PM

Quote:

Originally Posted by XR-CHIEF

political?

I see it more of a History lesson. It's on past events, not really current government policies. It's an interesting read.

**fordomatic** · 10-10-2010, 10:21 PM

actually they had to blame world war 1 on someone, so they chose Deutschland. I strongly believe that if this didnt happen there would not have been a world war 2. the reason for this is Deutschland's economy would not have been totally screwed and the Deutsch public wouldnt of had to look to an extremist with a "good" plan to get them out of it.

Iggypoppin' · 11-10-2010, 12:48 AM

Does anyone know the cost of both world wars to Australia?

WMD351 · 11-10-2010, 01:02 AM

Quote:

Originally Posted by Iggypoppin'

Does anyone know the cost of both world wars to Australia?

Two entire generations of young men?

castellan · 11-10-2010, 11:13 AM

Quote:

Originally Posted by fordomatic

actually they had to blame world war 1 on someone, so they chose Deutschland. I strongly believe that if this didnt happen there would not have been a world war 2. the reason for this is Deutschland's economy would not have been totally screwed and the Deutsch public wouldnt of had to look to an extremist with a "good" plan to get them out of it.

Yes that is true.
And some others had a invested interest in creating a war for there own agenda. and they do not give a toss about peoples lives at all.