Economic Historian: ‘Germany Was Biggest Debt Transgressor of 20th Century’ – SPIEGEL ONLINE

…during the 20th century, Germany was responsible for what were the biggest national bankruptcies in recent history. It is only thanks to the United States, which sacrificed vast amounts of money after both World War I and World War II, that Germany is financially stable today and holds the status of Europe’s headmaster. That fact, unfortunately, often seems to be forgotten.

Economic Historian: ‘Germany Was Biggest Debt Transgressor of 20th Century’ – SPIEGEL ONLINE.

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