How Europe cancelled Germany’s debt in 1953
The 1953 London Debt Accords show that European leaders know how to resolve a debt crisis in the interests of justice and recovery. Here are four key lessons for Greece’s debt crisis today. On 27 February 1953, an agreement was signed in London which resulted in the cancellation of half of Germany’s (then West Germany’s) … Continue reading How Europe cancelled Germany’s debt in 1953
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