WW1 4 October 2010
Interesting to note that Germany has just paid off it’s debt after World War 1. The Treaty covering it seemed to make sure that it would never actually be required to pay full monetary reparation because that was based on the unthinkable ie that Germany might once again be unified – but of course that happened. And Germany has paid up. Anyhow, by way of perspective, it has taken 91 years to pay off the 300 billion euro owed. Ireland is presently footing a 50 billion euro bill (and rising) for bank bailouts. That means we all owe 11,111 euro each…so far…suddenly i’m feeling rather poor again, especially for a citizen with shares in at least 2 nationalised banks and a clutch of building societies…wonder if we will ever pay our debt and, if so, will it be in my lifetime?
