SOME BASIC ASPECTS OF THE GERMAN DEBT SETTLEMENT.

The article discusses basic aspects of the German postwar debt settlement. Including the prewar debt, Germany has over $5.5 billion in outstanding debt. A settlement accord was reached in England and is important to Germany's economic future and stability but also the system of international lending. The author explains certain aspects of the settlement such as the negotiations to reduce the prewar debt based on territorial changes. Also, the United States wrote down the money owned to it by almost $2 billion.