WWI finally comes to an end for Germany

Published on September 29th, 2010 | by Admin

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On Sunday Germany will pay off the last of it’s debts accrued during WWI.

Germany’s federal office for central services and unresolved property issues (BADV) said on Tuesday a bond issued to pay remaining debts stemming from the conflict would mature on Oct. 3, two decades after West and East Germany united.

The final 70 million euro ($94 million) installment will close a 92-year chapter that saw Germany plunge into totalitarian dictatorship and trigger a second world war that ended with its division during four decades of Cold War.

“On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany,” the country’s biggest-selling newspaper, Bild, said on Tuesday.

The Treaty of Versailles, a peace settlement signed by Germany and the Allies in 1919, made Germany solely responsible for World War One, requiring it to pay reparations for the damage done to the Allied countries and peoples between 1914 and 1918.

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