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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: patron_anejo_por_favor who wrote (26915)6/24/2011 4:14:15 PM
From: Broken_Clock4 Recommendations  Read Replies (2) of 119360
 
Albrecht Ritschl, a professor at the London School of Economics, points out in an interview in Der Spiegel that Germany welshed on loans from the US to pay the reparations levied by the Allies after World War One. After Wold War 2, a divided German was excused reparations to countries, such as Greece, it had invaded. Under a 1953 treaty, the issue of reparations was on the table after reunification in 1990. But Ritschl says: "With the exception of compensation paid out to forced laborers, Germany did not pay any reparations after 1990 - and neither did it pay off the loans and occupation costs it pressed out of the countries it had occupied during World War II. Not to the Greeks, either." Ritschl reckons Germany was "the biggest debt transgressor of the 20th century."

smoke 'em if ya got 'em....
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