However, this debt did not disappear, after the defeat of the Second World War, Germany was new debt and old debt counted together.1953 West German Chancellor Gerhard Adenauer agreed to continue paying outstanding pre-war World War I reparations at the London Debt Negotiations.It was not until 3 October 2010 that Germany paid off its last debt of 69.95 million euros, ending reparations for the first World War.
That’s 90 years.
The second largest reparations in the history of modern warfare were paid by the Germans, huge reparations from World War II.
At the end of the war has not been the Yalta conference, the Soviet union first talked about the compensation of Germany, he think the war victory, Germany needs to compensate 20 billion dollars to the Allies, 10 billion which belong to the Soviet union, 8 billion belong to the British and American, 2 billion belong to other countries, but also all the Germany 80% of heavy industry equipment and military equipment confiscated.
Given the reparations of World War I and the creation of Hitler and the Nazi Party in Germany, British Prime Minister Winston Churchill thought it would be nice for Germany to come up with $1 billion a year, and U.S. President Franklin D. Roosevelt said the United States wanted only all German assets in the United States.
The armistice Agreement, the Communiqu of the Potsdam Conference, set out in detail the issue of German reparations and established “subregional reparations”.This determines that Germany will not compensate as a whole, and those countries and individuals who claim compensation can negotiate with the German government separately.
In 1947, however, the east-West Cold war between the Soviet Plus Eastern Bloc and the United States plus Western Europe began, and it became east Germany paying compensation to the Soviet Plus Eastern Bloc and West Germany paying compensation to the West.
According to the Soviet union, east Germany to pay a total war compensation of $4.229 billion (calculated on gold price is $35 per ounce), but the west is different, the results of their statistical results is east of the Soviet union or about $13.7 billion in total compensation, including the main difference, is the Soviet union had almost almost 80% of the east German industrial equipment to tear down.
As for West Germany, it was much better.In 1953, the West and West Germany signed the London Debt Agreement.The agreement made it clear that West Germany would not have to compensate for the losses caused by the war, but would only have to pay its pre-war debt and post-war debt, which totalled only 29 billion marks and was halved by its Western Allies to 14.5 billion marks (1.96 marks =1 euro).
That is to say, during the Second World War, Britain, France, the United States and other Western countries did not ask for additional compensation from West Germany.
Although the Western Allies did not ask for additional compensation, West Germany’s reexamination of the war was thorough.
Just the founding of Israel, for example, appeal for Germany, the German government responded positively, and eventually the west signing the Luxembourg treaty with Israel, 3 billion mark of Israel for compensation to the jews “federation” compensation 450 million mark, used to rescue jews were persecuted, the compensation has greatly promoted the new state of Israel’s economic growth.
Later, the West German government specially passed the Federal Compensation Law and the Federal Property Return Law. All the people persecuted by the German Nazis were entitled to claim compensation from the German government. Up to 1965, the individual compensation in Germany reached 18.25 billion marks.
After the reunification of Germany, German enterprises continued to fulfill their compensation obligations and set up a compensation fund. German enterprises donated 5.1 billion marks. Together with the German government, they provided a total of 4.8 billion US dollars in compensation and paid compensation to more than 1.6 million workers in eastern Europe.
It is arguably the most tender reparations in the history of human warfare.
article links：At the end of the war has not been the Yalta conference
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