Wednesday, September 29, 2010

NewsFlash: WWI About to End

Really?  I thought Germany gave up on the Versailles Treaty and payments a long time (and one godawful dictator) ago:

The First World War will officially end on Sunday, 92 years after the guns fell silent, when Germany pays off the last chunk of reparations imposed on it by the Allies. The final payment of £59.5 million, writes off the crippling debt that was the price for one world war and laid the foundations for another...The initial sum agreed upon for war damages in 1919 was 226 billion Reichsmarks, a sum later reduced to 132 billion, £22 billion at the time.

The bill would have been settled much earlier had Adolf Hitler not reneged on reparations during his reign...

"On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany," said Bild, the country's biggest selling newspaper.

Most of the money goes to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles, where Germany was made to sign the 'war guilt' clause, accepting blame for the war.
Weird headline of the day, all the way.

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