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It reminds me of the terrible reparations imposed on Germany after the first world war.
The euro rescue packages now being mooted are eerily reminiscent of the reparations imposed so disastrously on Germany after the first world war.
Germany emerged from the second world war still owing debt that originated with the first world war: the reparations imposed on the country following the Versailles peace conference in 1919.
Well, in a sense it did: on Oct. 3, Germany finally paid off the interest on bonds that had been taken out by the shaky Weimar government in an effort to pay the war reparations imposed by the Treaty of Versailles.
His policies, formed in response to the onset of the Great Depression, involved increased taxation, reduced government expenditure, high tariffs on foreign agricultural products, cutbacks in salaries and unemployment insurance benefits, and continued payment of the reparations imposed on Germany by the Treaty of Versailles (1919).
There can't be subservience.' Iraq will be allowed to control its oil revenues, which will raise $48 billion a year within the next three years, although it will have to pay tens of billions of pounds in reparations imposed following the Gulf war.
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Vera is permitted one scene in which she speaks out against punitive reparations being imposed on German soldiers.
After the Cabinet of Konstantin Fehrenbach resigned in protest over the heavy reparations obligations imposed by the Versailles Treaty, Wirth took office as chancellor in May 1921, pursuing a policy of treaty fulfillment.
Convinced that the heavy reparations payments imposed on Germany after the First World War were making the Depression more severe in Europe, he organized a politically risky moratorium on them.
Under the treaty, Germany lost around 13 percent of its home territory and all of its overseas colonies, while German annexation of other states was prohibited, reparations were imposed, and limits were placed on the size and capability of the country's armed forces.
The amount of reparations to be imposed was to be determined later.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com