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CBC News (Canada):
Historically speaking, Germany a bigger deadbeat than Greece

8 February 2015

Greek officials are seeking support for a new debt agreement. ... The Germans are conveniently ignoring is their own record as one of history's biggest deadbeats. In the 1920s, according to a prominent German economic historian, ''Germany was like Greece on steroids''. Albrecht Ritschl, a professor at the London School of economics and an adviser to the German ministry of economics, says that Germany's current prosperity was built on borrowed - mostly American - money, much of it written off.

This article was published online by CBC News (Canada) on February 8, 2015
Link to article here

Related publications
'Reparations, Deficits, and Debt Default: the Great Depression in Germany', Albrecht Ritschl, Centre for Economic Performance Discussion Paper No.1149, June 2012

Related links
Albrecht Ritschl webpage
Macro Programme webpage

Read more... CBC News (Canada)