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The case for Greece: when it forgave Germany’s debt [View all]
LONDON — Forgiving debt, if done right, can get an economy back on its feet.
The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help.
But Germany, another major creditor to Greece, is resisting, even though it knows better than most what debt relief can achieve. After the hell of World War II, the Federal Republic of Germany — commonly known as West Germany — got massive help with its debt from former foes.
Among its creditors then? Greece ...
http://globalnews.ca/news/2092075/the-case-for-greece-when-it-forgave-germanys-debt/
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