Germany makes final 59 million Euro payment to UN ending WW1 repatriations

rugbyLEAGUEfan · Sep 29, 2010, 09:00 PM

I was amazed to read today that come 03/10/10 , Germany will finally pay off its Versailles treaty debt 92 years later !!

I am computer illiterate so can`t provide the link but I found this fact mind blowing !

Kyriakos · Sep 30, 2010, 04:43 AM

Perhaps now it can pay the ww2 reperations too

Bugfatty300 · Sep 30, 2010, 04:49 AM

What would've happened if Germany didn't make the payments? Would the UN have filed foreclosure and then put Germany back on the market?

Lord Baal · Sep 30, 2010, 06:57 AM

Quote:

Originally Posted by Bugfatty300

What would've happened if Germany didn't make the payments? Would the UN have filed foreclosure and then put Germany back on the market?

Nah, the mighty West would just have invaded again. USA #1!

Why are they even still paying reparations? Hitler denounced Versailles and the Weimar Republic had stopped paying the reparations even before that. No-one seemed terribly bothered by it either. Odd. I'd never heard of them paying the Versailles debt.

wolfigor · Sep 30, 2010, 08:02 AM

found a couple of links...
http://www.nzherald.co.nz/world/news...677121&ref=rss

Germany is paying back long term bonds (capital + interested) that were issued long time ago, not really the debt itself (not the first time that journalists tend to mis-report this type of news).

Quote:

This Sunday, Berlin will pay the last interest instalment on foreign bonds issued in 1924 and 1930 to cover the huge reparations demands made by the victorious First World War Allies.

Quote:

Germany suspended payments during the Great Depression and Hitler refused to continue them when he came to power in 1933. But, in 1953, West Germany agreed to honour its Great War reparation obligations. Communist East Germany, however, declined.

It was agreed that Germany should be allowed to wait until it was reunited before paying some 125 million euros in outstanding interest on foreign debt accrued after 1945. The fall of the Berlin Wall in November 1989 followed by Germany's reunification less than a year later fulfilled the conditions of the agreement.

Communisto · Sep 30, 2010, 09:57 AM

LawL

We made them pay for the first one??

GoodGame · Sep 30, 2010, 10:44 AM

Quote:

Originally Posted by Communisto

LawL

We made them pay for the first one??

Didn't you know it?

Communisto · Sep 30, 2010, 11:03 AM

Quote:

Originally Posted by GoodGame

Didn't you know it?

Well, I knew we did at the time. I didn't know we were still holding them to that after the whole '39-'45 thing. I thought we would have re-evaluated the situation.

civ_king · Sep 30, 2010, 11:56 AM

Now for the second one!

Ajidica · Sep 30, 2010, 02:28 PM

Quote:

Originally Posted by Communisto

Well, I knew we did at the time. I didn't know we were still holding them to that after the whole '39-'45 thing. I thought we would have re-evaluated the situation.

Just to clarify, they aren't paying the war reparations, they are paying off the loans they took out to pay for the reparations.

BuckyRea · Sep 30, 2010, 02:43 PM

I wonder if this is really about Greece, underneath it all.

Arwon · Sep 30, 2010, 04:20 PM

"Sunday's sum is the final payment on interest accrued between 1945 and 1952 on foreign bonds the German government had issued between the two world wars to raise capital for Treaty of Versailles payments.

The money Germany pays on Sunday will therefore actually go to private investors who own these bonds."

And further:

"This payment is something of a leftover, West Germany having made a settlement of national debts in the 1953 London Agreement on German External Debts which it finished paying off in 1983. There was however some further debt that, it was agreed, could only be owed by a unitary Germany state, and so would be repaid over twenty years should reunification ever occur. This weekend is the twentieth anniversary."

Leoreth · Sep 30, 2010, 05:21 PM

Quote:

Originally Posted by Arwon

"This payment is something of a leftover, West Germany having made a settlement of national debts in the 1953 London Agreement on German External Debts which it finished paying off in 1983. There was however some further debt that, it was agreed, could only be owed by a unitary Germany state, and so would be repaid over twenty years should reunification ever occur. This weekend is the twentieth anniversary."

Will the reunification ever stop to cost us money?

Lord Baal · Oct 01, 2010, 06:43 AM

Quote:

Originally Posted by civ_king

Now for the second one!

Then after that, we'll make them pay for the next one too.

Masada · Oct 01, 2010, 06:48 AM

Quote:

Originally Posted by Lord Baal

Then after that, we'll make them pay for the next one too.

Afghanistan.

Lord Baal · Oct 01, 2010, 07:34 AM

Quote:

Originally Posted by Masada

Afghanistan.

Well, Rambo III was in Afghanistan, so WWIII can be if it wants.

Quackers · Oct 01, 2010, 11:33 AM

Dear germany,

moar money plz

ty

uk

JEELEN · Oct 01, 2010, 12:50 PM

Illiterate yeah: that should read reparations, ofcourse.

Some more corrections are in order:

Quote:

Originally Posted by Kyriakos

Perhaps now it can pay the ww2 reperations too

Unlike Japan (which never acknowledged any guilt towards its war victims) German reparations have been underway since the Social-Democratic Brandt government I believe. (The Christian-Democrats have long been opposed to such - indeed harbouring some irredentists - and not wanting to acknowledge the Eastern frontier agreements.)

And ofcourse Allied war crimes were never officially acknowledged...

Leoreth · Oct 01, 2010, 04:53 PM

Quote:

Originally Posted by Quackers

Dear germany,

moar money plz

ty

uk

You already got your EU rebate

innonimatu · Oct 01, 2010, 08:27 PM

Quote:

Originally Posted by Masada

Afghanistan.

Nah, for that comparison it should be "Germany, the next Japan".

Would like to see it. And make them eat some kind of Plaza Accord too. After kicking them from the Euro.

Sep 30, 2010, 04:43 AM	#2
Kyriakos Writer Join Date: Oct 2003 Location: Thessalonike, Greece Posts: 20,004	Perhaps now it can pay the ww2 reperations too __________________ βῆ δ᾿ ἀκέων παρὰ θῖνα πολυφλοίσϐοιο θαλάσσης· (he walked silently on the edge of the loudly heard wave-breaking sea) Iliad A:34 CivIII my graphics library 28x 1x Decade Award

Sep 30, 2010, 04:49 AM	#3
Bugfatty300 Buddha Squirrel Join Date: Dec 2003 Location: Mexico Posts: 8,403	What would've happened if Germany didn't make the payments? Would the UN have filed foreclosure and then put Germany back on the market? __________________ Movin to the country. Gonna eat me a lot of fruity pebbles.

Sep 30, 2010, 11:56 AM	#9
civ_king Deus Caritas Est Join Date: Mar 2006 Posts: 15,967	Now for the second one! __________________ Ex umbris et imaginibus in veritatem Cor ad cor loquitur

Sep 30, 2010, 02:43 PM	#11
BuckyRea Boldly Going Join Date: Jan 2005 Location: Texas Posts: 1,417 Images: 1	I wonder if this is really about Greece, underneath it all. __________________ Now made with new and improved electrons... Just another Civ3 world: Planet Reath - Summer Civ: the Hot Arabs (Updated to 1000bc - on 2 Jan 2011 ) "Even a thousand Socrates would still be a mob." -- Alexander Hamilton . . . . .

Sep 30, 2010, 04:20 PM	#12
Arwon Show me your moves Join Date: Oct 2006 Location: Canberra Posts: 12,262	"Sunday's sum is the final payment on interest accrued between 1945 and 1952 on foreign bonds the German government had issued between the two world wars to raise capital for Treaty of Versailles payments. The money Germany pays on Sunday will therefore actually go to private investors who own these bonds." And further: "This payment is something of a leftover, West Germany having made a settlement of national debts in the 1953 London Agreement on German External Debts which it finished paying off in 1983. There was however some further debt that, it was agreed, could only be owed by a unitary Germany state, and so would be repaid over twenty years should reunification ever occur. This weekend is the twentieth anniversary." __________________ He wants a shoe horn, the kind with teeth People should get beat up for statin' their beliefs - TMBG PC: Left/Right: -2.00, Libertarian/Authoritarian: -7.13 Reptilians Anonymous

Sep 29, 2010, 09:00 PM	#1
rugbyLEAGUEfan Deity Join Date: Feb 2010 Location: sydney australia Posts: 4,841	Germany makes final 59 million Euro payment to UN ending WW1 repatriations I was amazed to read today that come 03/10/10 , Germany will finally pay off its Versailles treaty debt 92 years later !! I am computer illiterate so can`t provide the link but I found this fact mind blowing !

Sep 30, 2010, 09:57 AM	#6
Communisto Nuke the Frats Join Date: Jun 2004 Location: The Frozen North Posts: 5,440	LawL We made them pay for the first one??

Oct 01, 2010, 11:33 AM	#17
Quackers Mephistophel Join Date: Dec 2008 Location: Bellinzona Posts: 8,360	Dear germany, moar money plz ty uk __________________ One thing we are good at in English is having words for ways to die.-Neil deGrasse Tyson, on 'spaghettification' Looking at the poster again, I also like the way that the baby is cocking its head and looking away from the doctor, as if to show that this not merely a skeletal Moai-baby, it's a particularly aloof and disinterested skeletal Moai-baby.-Traitorfish

Powered by vBulletin® Copyright ©2000 - 2013, Jelsoft Enterprises Ltd. This site is copyright © Civilization Fanatics' Center.
Support CFC: Amazon.com \| Amazon UK \| Amazon DE \| Amazon CA \| Amazon FR