oly720man From United Kingdom, joined May 2004, 6997 posts, RR: 11 Posted (4 years 10 months 2 hours ago) and read 3248 times:
It transpires that earlier in the week, Germany made its last payment on bonds issued to pay for reparations for the First World War, after various interruptions (the '30s, WW2 and the two Germanys), prompting some historians to say that the war is finally over.
TheSonntag From Germany, joined Jun 2005, 4289 posts, RR: 29
Reply 1, posted (4 years 10 months 2 hours ago) and read 3229 times:
Quoting oly720man (Thread starter): I never knew they were still paying, but then again I never knew that Britain was paying off loans for WW2 until quite recently.
West Germany signed a treaty for German debts of WW1 and WW2 (and the other debts of the Third Reich) in the 1950s (Londoner Abkommen). This revised the Versaille treaty and other claims so that Germany got more favourable conditions.
After all this was a wise move, because Germany regained its reputation on the financial markets which were threatened by this unsolved solution.
The main reason that the "2 plus 4 treaty" from 1990, which in reality is a peace treaty, and which ended the german occupation once and for all, was not called a "peace treaty", was due to the fact that the London treaty of the 1950s would have been reviewed again.
The original Versaille treaty had some other conditions, according to it, Germany should have paid for reparations until the 1980s.
I have an ashtray at home, which has the iron cross of my grand-grandfather, and the certificate when it was issued to him in 1916, under it. Obviously my grand-grandfather didnt care much for it, probably he had seen too much in the war already.
One Year ago i was in Ypres, and I took some pictures of the german cemetary in Langemarck and the Menenpoort for remembrance of the English troops who were not even found(and from the car a picture of a Canadian cemetary).
The area is simply covered with dozens of cemetarys.
And the payments were interest payments on bonds issued in the 1920's. Germany paid the principal, but not the interest until Germany was reunified.
Payments were suspended in the early 1930's due to a global financial crisis and Adolf Hitler's Nazi government never restarted them. Only in 1953 did West Germany agree to begin repaying the principal debt on the bonds.
It was agreed at an international conference that the interest payments would not begin until Germany was reunified. When the Berlin wall fell in 1990, the country began its interest payments, the last of which will be made on Sunday, October 3.
MD11Engineer From Germany, joined Oct 2003, 14587 posts, RR: 62
Reply 13, posted (4 years 9 months 4 weeks 1 day 4 hours ago) and read 2686 times:
Quoting TheCommodore (Reply 11): Quoting falstaff (Reply 5):
Who were they paying? Who held the bonds?
I think it may have been Sweden, but 100%
Part of it. Up to the 1983 we had a monopoly for match sticks. The reason was that in 1930 a Swedish match manufacturer Ivar Kreuger gave the German government a huge loan at good conditions to pay for reparations, but demanded a monopoly on all matches sold in Germany until his loan was paid back.
Pyrex From Portugal, joined Aug 2005, 4320 posts, RR: 30
Reply 14, posted (4 years 9 months 4 weeks 1 day 2 hours ago) and read 2654 times:
May the shameful way the war ended (the Versailles treaty that led directly to WW2) be put to rest now. France and the United Kingdom should have pitched in to make payments on those bonds, since they were the primary beneficiaries of them.
Read this very carefully, I shall write this only once!
falstaff From United States of America, joined Jun 2006, 6329 posts, RR: 30
Reply 15, posted (4 years 9 months 4 weeks 1 day 2 hours ago) and read 2628 times:
Quoting ronglimeng (Reply 10): I think I'll stick with the narrow idea that the war ended on the 11th hour of the 11th day of the 11th month (of 1918).
That is always how I remembered it. This past summer I was in the UK and saw several memorials with the ending date of WWI in 1919. The friend I was hanging out with explained that the war actually did end in 1919. Which explained a trivia game "error" I saw in a bar a few years back. I was playing one of those game machines that sits on the bar and when the trivia question about what year did WWI end came up, 1918 was not one of the choices. I was dumbfounded because I always thought of 11-11-18 was the end of the war. When I got the answer wrong it showed the correct choice was 1919.
The USA considers a WWII vet anyone who served between 12-7-41 to 12-31-46. The WWII victory service ribbon was awarded to anyone who served on or between those dates. There is a separate service ribbon for those that served at anytime between 9-1-39 and 12-6-41.