Sentences with phrase «reparations debt»

As far as I am aware, this agreement is the first since the Young Plan for Germany's reparations debt to subordinate international debt obligations to the capacity - to - pay principle.

Germany was hit as hard in the 1920s as a result of unpayably high reparations debt.

If this were the case, Germany could have paid its reparations debt by depreciating the mark in 1921.

Not exact matches

For a few years during the heyday of the 1920s bubble, Germany was able to do just this, borrowing more than half of its reparation payments from the US markets, but much of this borrowing occurred because the great hyperinflation of the early 1920s had wiped out the country's debt burden.

But in the 1920s the Allies imposed an unpayably high reparations burden on Germany — largely to obtain the foreign exchange to pay the Inter-Ally arms debts that the U.S. Government insisted on collecting, rather than forgiving these debts as allies traditionally had done among themselves upon achieving victory.

Iceland and Argentina are most recent examples, but one may look back to the moratorium on Inter-Ally arms debts and German reparations in 1931.

That is why German reparations and Inter-Ally debts were written down after World War I. Greece's foreign debt is what is known as an «odious debt,» taken on by fraud to finance capital flight by Greece's One Percent.

But to the extent that it ignores the finger Lincoln points at the Civil War — to the extent that it forgets the decimation of a generation of young Americans at the beginnings of manhood; to the extent that it forgets the windrows of corpses at Shiloh, the odor of death in the Wilderness, the walking skeletons of Andersonville, 623,000 dead all told, not to mention the interminable list of those crippled, orphaned, and widowed whose pensions became the single largest bill paid by the federal government for the following half - century; to the extent that it ignores how the war cost the United States $ 6.6 billion, rocketed the national debt from $ 65 million to $ 2.7 billion, retarded commodity growth for the next thirty years, and devalued its currency — then the call for reparations opens itself up to a charge of willful forgetfulness so massive that resentment, anger, and bitterness, rather than justice, will (I fear) be its real legacy.

«I actually completely reject the notion of a debt or reparations or anything of the like,» he said at a news conference.

The Rapture wrt AGW is of course the sweet by and by of billions of dollars in «carbon debt» reparations, carbon trading profits, and «green» jobs for the true believers and those suffering victims of capitalism.

Hence, those responsible in the North owe reparations for this climate debt to those in the South so that they can reduce their emissions, and adapt to climate change while developing sustainably.

Developed countries, deep in debt, are no longer chomping at the bit to pay $ 100 billion a year in climate reparation and adaptation penalties.