London Agreement Deutschland

In response to the Allies, Adenauer informed them of Germany`s desire to repay its debts. The German External Debt Conference (also known as the London Debt Conference) was held from 28 February 1952 to 28 August 1952. [1] The agreement reached at the conference was signed in London on 27 February 1953. [1] The agreement was ratified on 16 September 1953 by the United States, France and the United Kingdom. The agreement was initially rejected by the Bundestag and then approved by a later vote. [1] We can therefore understand why Syriza leader Alexis Tsipras refers to the 1953 London Agreement when he appeals to European public opinion. The totally unfair treatment of the Greek people (as well as other peoples whose governments enforce the recommendations of the troika) must provoke much public indignation. But let us face reality: the reasons that drive western powers to treat West Germany as they did after the Second World War do not apply today to Greece. A real solution to the debt tragedy and austerity requires massive social mobilizations in Greece and other EU countries, as well as the coming to power of a popular government in Athens. The new government (supported by the support of the population) will have to decide on a unilateral act of disobedience, such as the suspension of repayment and the cancellation of anti-social measures, in order to force creditors to make larger concessions and, finally, to impose the cancellation of illegal debts. A citizen`s review of Greece`s debt must set the stage to determine why such decisions are made. To ensure that the West German economy was doing well and was a stable key element in the Atlantic bloc against the Eastern bloc, allied creditors made major concessions to the indebted German authorities and companies, far beyond debt cancellation. The starting point was that Germany had to be able to pay everything back while maintaining a high level of growth and improving the standard of living of its population.

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