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Germany considers this treaty as the final regulation which concludes the question of open reparations which had been made in previous treaties such as the London Debt Agreement. [57] Greece rejects this notion and on 8 February 2015, the then-Greek Prime Minister, Alexis Tsipras demanded that Germany pay the "complete" reparations to Greece ...
With its defeat, Germany could not impose reparations and pay off her war debts now, which were now colossal. [116] Historian Niall Ferguson partially supports this analysis: had reparations not been imposed, Germany would still have had significant problems caused by the need to pay war debts and the demands of voters for more social services ...
Of this figure, Germany was only required to pay 50 billion gold marks ($12.5 billion), a smaller amount than they had previously offered for terms of peace. [65] Reparations were unpopular and strained the German economy but they were payable and from 1919 to 1931, when reparations ended, Germany paid fewer than 21 billion gold marks. [66]
When Germany stopped making payments in 1932 after the agreement reached at the Lausanne Conference failed to be ratified, [12] Germany had paid only a part of the sum. This still left Germany with debts it had incurred in order to finance the reparations, and these were revised by the Agreement on German External Debts in 1953. After another ...
In Paris proper, people rejoiced at the official end of the war, [96] the return of Alsace and Lorraine to France, and that Germany had agreed to pay reparations. [97] While France ratified the treaty and was active in the League, the jubilant mood soon gave way to a political backlash for Clemenceau.
In addition, Germany was forced to accept responsibility for the damages caused in the war and was obliged to pay reparations to the Allies. Since the war in the west was fought predominately on French soil, the bulk of the reparations were owed to France.
White House climate envoy John Kerry said the U.S. would “under no circumstances” pay reparations to other countries ravaged by climate change in testimony Thursday before the House Foreign ...
Dawes, who was the U.S. vice president at the time, received the Nobel Peace Prize of 1925 for "his crucial role in bringing about the Dawes Plan", specifically for the way it reduced the state of tension between France and Germany resulting from Germany's missed reparations payments and France's occupation of the Ruhr.