Dáil debates
Wednesday, 4 February 2015
European Debt: Motion (Resumed) [Private Members]
6:50 pm
Anthony Lawlor (Kildare North, Fine Gael) | Oireachtas source
On Germany, I point out a little fact to Deputy Mathews. On 3 October 2010, Germany finished paying off its debt from the First World War. The debt was equivalent to 96,000 tonnes of gold. By extending its debt over a period of time, Germany was able to pay it off. One can see the economy in Germany now. That is the context for the last payment which was in the millions of euro and easily paid off.
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