Re:Countries are still paying off debt from World War 1
by mtmail on Saturday November 01, 2014 @09:15PM
(#8545227)
True. In 1990 Germany had €125 million debt outstanding. Easy to pay off if they wanted. Instead a new contract was signed with 20 annual installments.
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Re:Countries are still paying off debt from World War 1
by brazzy on Sunday November 02, 2014 @04:46AM
(#8546177)
And note that those 125 million were only outstanding because their payment had been frozen while the country was divided. Someone made a HUGE profit on what were fore decades essentially super-junk bonds.