World War One – Debt on Germany  
Killed 15 million Germans  
  
 (with 15% of its male population)
Treaty of Versailles
(War Guilt Clause)
Price 100,000 tonnes of gold
 (269 billion gold marks) 
 ($269 billion in today’s terms) 
By 1929 Debt was reduced to 112 gold marks 
1931-1952Annual payments suspened 
 Agreed to pay again in 1953 
92 yearsGermany took to repay WWI debt 
 With last instalment paid in 2010

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