Archive for reparations

Why Germans ‘Love’ Austerity…

Posted in Uncategorized with tags , , , on 7 June 2012 by delclem

“IT MUST, in many ways, be annoying for Dr Merkel and the Germans to have to hear the whingeing of the Portuguese, Irish, Greeks and Spaniards. For the Germans have come through problems unimaginable to most nations. Defeat in two world wars, hyperinflation in the 1920s, dictatorship and a divided country. One item in the litany of German disaster in the 20th century is often overlooked – reparations inflicted on Germany by the Treaty of Versailles after the first World War.” >Text (c) IRISH TIMES, 2012