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The 1953 London Debt Agreement settled Germany's debts from the period between the two world wars and allowed the … percent, gave the debtors a much longer period to repay, and tied payments to export surpluses and Germany's ability to repay …. The Agreement also allowed Germany to postpone some payments until reunification. The Agreement reflected a subtle and …
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The French government currently honors a very unusual debt contract: an annuity that was issued in 1738 and currently yields 1.20 Euro per year. I tell the story of this unique debt, which serves as an anecdotal but symbolic summary of French public finances since the 18th century. -- life...
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