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Interview :: International
Thomas Piketty: Germany has never repaid its debts. It has no right to lecture Greece
24 Aug 2015
Conservatives, especially in Germany, are about to destroy Europe and the European idea, all because of their shocking ignorance of history...
to read the interview with French economist Thomas Piketty published 8/7/2015, click on

http://thewire.in/2015/07/08/thomas-piketty-germany-has-never-repaid-its/

Germany is really the single best example of a country that, throughout its history, has never repaid its external debt. Neither after the First nor the Second World War. However, it has frequently made other nations pay up, such as after the Franco-Prussian War of 1870, when it demanded massive reparations from France and indeed received them. The French state suffered for decades under this debt. The history of public debt is full of irony. It rarely follows our ideas of order and justice...

Those who want to chase Greece out of the Eurozone today will end up on the trash heap of history. If the Chancellor wants to secure her place in the history books, just like [Helmut] Kohl did during reunification, then she must forge a solution to the Greek question, including a debt conference where we can start with a clean slate. But with renewed, much stronger fiscal discipline.
See also:
http://www.freembtranslations.net
http://www.therealnews.org
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