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On Feb 27, we will take to the streets in 🇩🇪 and in front of German embassies worldwide!
This day marks the 70th anniversary of the debt cancellation 🇩🇪 received after #WW2 in the #LondonAgreement.
Here is a little history lesson that you may not have heard in school:
🧵👇[1/18]
This day marks the 70th anniversary of the debt cancellation 🇩🇪 received after #WW2 in the #LondonAgreement.
Here is a little history lesson that you may not have heard in school:
🧵👇[1/18]
Post-war 🇩🇪 was a heavily indebted country:
there was pre-war debt, consisting of outstanding reparation payments from WW1 & private debts of German banks & companies (standstill debt), the amount of the debt made by the Nazi Government (Konversionskasse) and post-war debt👇[2/18
there was pre-war debt, consisting of outstanding reparation payments from WW1 & private debts of German banks & companies (standstill debt), the amount of the debt made by the Nazi Government (Konversionskasse) and post-war debt👇[2/18
Bear in mind that the #DeNazification of 🇩🇪 was never properly done: major powerful figures from the Third Reich remained in influential political & economic positions after the war, and were able to build their businesses also due to the outcome of the #LondonAgreement.👇[3/18]
