This came out of nowhere. I’m not even sure how this showed up on my radar. But I just thought it was kinda interesting. Almost 100 hundred years after World War One ended, Germany has finally paid off their last bit of required Treaty of Versailles reparations.
It’s a tidbit that I find interesting and ironic all at the same time.
The original bill to be paid equal to the equivalent of 96,000 pounds of gold and this required payment resulted in a variety of things, not the least of which was the bankrupting of Germany and the rise of the National Socialists.
Hitler obviously refused to make payments but apparently the West German government resumed paying back the principal on reparation loans in 1953. When the country unified, it began making good on the interest. And last week . . . the last interest check was put in the mailbox.
Curious if they did anything to celebrate. Burn the mortgage paper underneath the Brandenburg Gate?