A turning event 60 years ago: ‘German economic miracle’ or debt condolence

Wednesday, February 27th 2013 - 21:00 UTC

Full article 7 comments

Highly indebted, without access to capital, viewed suspiciously by creditors, that was Germany in 1953. Half the country's debts were canceled 60 years ago this week, the foundation of the “economic miracle.” Read full article

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I was under the impression that the real reason Germany did so well compared to the likes of the UK, USA, France, was that it didn't spend a shed loas of cash on it's military so it could use that money for other purposes (or not at all).
Feb 27th, 2013 - 09:23 pm - Link - Report abuse 0
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nerosaxo
SOUR KRAUTS !!!!!!!!!!!!!!!!!!!!!
Feb 27th, 2013 - 09:41 pm - Link - Report abuse 0
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Ayayay
Breaking news-Argentina's risk soared to the highest in the world today. http://mobile.bloomberg.com/news/2013-02-27/argentina-seeks-relief-from-u-s-court-in-debt-fight.html

Might want to ask for Forgiveness?
Feb 27th, 2013 - 10:02 pm - Link - Report abuse 0
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reality check
The last thing anyone wants is them spending money on their military. Makes us nervous!
Feb 27th, 2013 - 10:53 pm - Link - Report abuse 0
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La Think
Comment removed by the editor.
Feb 27th, 2013 - 11:41 pm - Link - Report abuse 0
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andy65
@La Think Perhaps if your dear lady The botox Queen was not a thief Argentina would be richer
Feb 28th, 2013 - 01:05 am - Link - Report abuse 0
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Conqueror
@1 Germany did so well because the “victors” poured in money so that the German “people” wouldn't suffer. Was it wrong to show mercy?
Feb 28th, 2013 - 01:02 pm - Link - Report abuse 0
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