Ask the Krauts - they had most of their WW2 debts written off in the 50s.No interest on loans, where can I get that deal?
Ask the Krauts - they had most of their WW2 debts written off in the 50s.No interest on loans, where can I get that deal?
Well, to be fair to Greece, you'd essentially get no repayment infusions in most credit unions (Like the U.S.) where economic buying power is differentiated. This is the issue with Greece, the loans are being pushed by political measures; they aren't financially sound investments. They ARE politically sound investments, though. If you want to keep a fiat union, then you support the "weaker" economies. And this, of all things, is the main issue. Either Greece needs to be dealt with as a financial matter, in which case it would be absurd to bail them out again (As it was the second time). Or it needs to be a political one, in which case these should simply be money shuffling, like U.S. federal grants ect. This hybrid model, where financial institutions are compelled through political machinations, while still being promised an ROI? Is just absurd.No interest on loans, where can I get that deal?
You talking about this?London Agreement on German External Debts - Wikipedia, the free encyclopediaAsk the Krauts - they had most of their WW2 debts written off in the 50s.
I can't find a resource that says what the value of the mark against the dollar was in 1953, but inflation on the dollar since 1953 is 879%, so it's probably not that far off target to say they had their debt reduced by the rough equivalent of 130 billion marks, accounting for inflation.An important term of the agreement was that repayments were only due while West Germany ran a trade surplus, and that repayments were limited to 3% of export earnings. This gave Germany's creditors a powerful incentive to import German goods, assisting reconstruction.
Sure, but 50% of that debt in the first place was war reparations. The other 50% was to the US. So the Euros complaining about that debt is hilarious, since A> it wasn't owed to them since war reparations are ridiculous and B> it wasn't owed to them, it was owed to us.They had 16 billion marks written off, and the other put on a generous 30 year repayment plan.
I can't find a resource that says what the value of the mark against the dollar was in 1953, but inflation on the dollar since 1953 is 879%, so it's probably not that far off target to say they had their debt reduced by the rough equivalent of 130 billion marks, accounting for inflation.
a lot of that debt was penatlies wasn't it, not loans? like the versaille treaty debt? those weren't loans unless I'm mistaken. all I was saying is usually loans come with interest.Ask the Krauts - they had most of their WW2 debts written off in the 50s.
General motors, Ford, Honda, Toyota Etc...No interest on loans, where can I get that deal?
War reparations seem like a fine modern replacement for completely destroying a nation that lost the war and salting the earth afterwards. I just think it's funny that Germany is taking such a hardline stance on the Greek debt given their own history.Sure, but 50% of that debt in the first place was war reparations. The other 50% was to the US. So the Euros complaining about that debt is hilarious, since A> it wasn't owed to them since war reparations are ridiculous and B> it wasn't owed to them, it was owed to us.
We did completely destroy GermanyWar reparations seem like a fine modern replacement for completely destroying a nation that lost the war and salting the earth afterwards. I just think it's funny that Germany is taking such a hardline stance on the Greek debt given their own history.
Yeah but instead of salting the earth we rebuilt our half of the country.We did completely destroy Germany
The war reparations were from WWI. The loans were for our rebuilding.Yeah but instead of salting the earth we rebuilt our half of the country.
Nope, many had 0.0% financing on end of season deals. I almost pulled the trigger on a new Silverado !I think they were like 0.01% still had some interest.
Russians did try to rape the German out of them though.Yeah but instead of salting the earth we rebuilt our half of the country.