The Online Journal of Insight, Satire, Desire, Wit and Observation

Hypocrite much, Germany?

It is myopic for the Germans to be so harsh and moralistic about the impeding Greek default. Germany, who benefited from the Marshall Plan and the 1953 forgiveness of half of their war debt of 31 billion (1953) Deutschmarks debt via the London Debt Agreement, should know the benefits of debt forgiveness and reconstruction over the long term. Greece was one of the creditor countries which forgave half of Germany’s enormous postwar debt, and let them pay the remainder over time such that the final payment of 69 million euros wasn’t made until 2010.

Hypocrite much, Germany?

London Agreement on German External Debts (wikipedia)

Copyright © 2015 Henry Edward Hardy

7 July, 2015 - Posted by | debt, Germany, Greece, hypocrite, Marshall Plan, reconstruction, scanlyze | , , , , ,

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