Showing posts with label German debt forgiveness. Show all posts
Showing posts with label German debt forgiveness. Show all posts

Thursday, July 9, 2015

Quote Of The Day - Let Germany Remember This, Cont.


"To its great credit, Germany has accepted the burdens of its history. To its detriment (and now, to Greece’s), it has not accepted the burden of learning enough of its history to be a responsible economic power."  -- Harold Meyerson in a great op-ed rebuttal to those who say today's Greek debt crisis is different from the debt crises faced by Germany in the post- World War I and World War II eras.  A must read.

Wednesday, July 8, 2015

Let Germany Remember This


As Greece prepares its "final" proposal to address its German debt crisis, this picture offers yet another reminder of another place and another time when leaders and statesmen held sway rather than petty banksters and burgermeisters:

In 1953, Hermann Josef Abs, center, signed an agreement that effectively cut West Germany's post-World War II debt in half. Credit Associated Press via New York Times