Overflowing inaccuracies and half-truths reference to Greece and postwar Germany Hans Werner Sinn in an article published originally in French Le Monde and then in the New (August 14, 2012) entitled, being great "Germany and the crisis, relentless Numbers and painful solutions. " He literally the president of the International Institute of Public Finance and Professor of Economics being great and Public Finance, University of Munich, who have often heard arguing why Greece should leave the euro area: "Germany is still grateful for the Marshall being great Plan. Within a few years received this assistance plan that others appreciate 2% and others 5% of GDP in a single year. To this must be added the deletion of the German foreign debt, as envisaged in the London Agreement of 1953 without including the dismantling of German industry, even from the western countries, the total amount of debt written off, including the Marshall Plan, amounted to 22% of German GDP. Greece has received total external assistance worth 460 billion. Euro equivalent of 214% of GDP, thus ten times that taken by Germany thanks to the Marshall Plan. The fourth of such assistance, some 115 billion. Euros, corresponding to a minimum of 10 Marshall Plan, the Berlin being great contributed. "
More lies could not be implied in such a short text. Proceedings Sheen, known for his neo-liberal views, claims that Greece has benefited from its creditors (spearheaded being great even Germany) much more than it benefited Germany with the London Agreement of 1953. In fact the post of miracle Germany owes beyond immigrants in removal of much of the debt, on the initiative of Western countries. Germany is thus the last country that had to be talking about the need to respect the obligations towards the creditors! being great
So it is worth looking more closely at the London Agreement signed on February 27, 1953 and which is favorable treatment model debtor country from its creditors. I wish especially to share the same fate and other countries since then, including the Greece being great ... and crucial to grasp the content of the Agreement, that is why the winners of the war that both had suffered being great from German atrocity the 40s stood opposite both positive without trace revanchism, has a historical precedent. Also crucial to interpret the attitude of 'allies' has the geopolitical environment of the time.
The historical precedent that influenced the decisions of the conference was the Treaty of Versailles, which was signed in June 1919, just five years after the assassination of Archduke Ferdinand, being great which triggered being great the start of World War II. With the Treaty of Versailles officially ended too. Accompanied, however, by many strong disagreements. The most important of these was the objection expressed by John Maynard Keynes, a member of the British mission then engaged in negotiations. His views were crystallized being great at great book, The Economic Consequences being great of the Peace, which met with huge commercial success and today we can say that the views expressed anything but marginal could qualify. But it was undoubtedly heretical. In very broad terms disapproved of the conditions imposed on the defeated Berlin (from territorial concessions to financial compensation) with the argument that this does not ensure the welfare of Germans and as a result of poverty and national humiliation being great will sooner or later find ourselves in new adventures, precisely because of the peace treaty. The following passage is very characteristic of his views and very useful for a broad conclusions:
"The policy of Germany relegation to servitude for a generation, degradation of life of millions of people being great and the deprivation of a whole nation of happiness should be repulsive and abhorrent, even if it were possible, even if enriched us, even if you do not sow the decay throughout the civilized life in Europe. Some people preach in the name of justice. In the great events of human history, the unwinding of complex destinies of nations, justice is not so simple. And if they were, nations are not authorized, by religion or by natural morals, to afflict the children of their enemies with the offenses of parents or their rulers. "
What matters is that the fate of the Weimar Republic, even though the requirements of the allies was not the sole cause for the rise of Nazism, vindicated the complaints of British economist. Nobody
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