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Finally!

September 28, 2010, 8:37 pm

From Der Spiegel:

Germany will make its last reparations payment for World War I on Oct. 3, settling its outstanding debt from the 1919 Versailles Treaty and quietly closing the final chapter of the conflict that shaped the 20th century. Oct. 3, the 20th anniversary of German unification, will also mark the completion of the final chapter of World War I with the end of reparations payments 92 years after the country’s defeat.

I wonder if they’ll have a mortgage-burning party?

P.S. The original reparations, according to the article, were the equivalent of 96,000 tons of gold, which works out at today’s price (math NOT guaranteed) to be about $4 trillion. Ouch.

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