quinta-feira, 10 de novembro de 2011

'Germany Was Biggest Debt Transgressor of 20th Century'

Former German Chancellor Konrad Adenauer (left) during a meeting with the High
Commission of the Allies in 1951: Eschewing of reparations demands "a life-saving gesture"

Think Greece's current economic malaise is the worst ever experienced in Europe? Think again. Germany, economic historian Albrecht Ritschl argues in a SPIEGEL ONLINE interview, has been the worst debtor nation of the past century. He warns the country should take a more chaste approach in the euro crisis or it could face renewed demands for World War II reparations.


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