Spiegel: Germany Was Biggest Debt Transgressor of 20th Century
Economic Historian 'Germany Was Biggest Debt Transgressor of 20th Century' 21/6/2011 Former German Chancellor Konrad Adenauer (left) during a meeting with the High Commission of the Allies in 1951: Eschewing of reparations demands "a life-saving gesture" Think Greece's current economic malaise is the worst ever experienced in Europe? Think again. Germany, economic historian Albrecht Ritschl argues in a SPIEGEL ONLINE interview, has been the worst debtor nation of the past century. He warns the country should take a more chaste approach in the euro crisis or it could face renewed demands for World War II reparations. SPIEGEL ONLINE: Mr. Ritschl, Germany is coming across like a know-it-all in the debate over aid for Greece. Berlin is intransigent and is demanding obedience from Athens. Is this attitude justified? Ritschl: No, there is no basis for it. SPIEGEL ONLINE: Most Germans would...