“Germany’s debt was cancelled, why not the Global South’s?” is a common rallying cry During the 1953 London Debt Agreement \*half\* of German debt was written off The cancellation was more than 20% of national GDP and helped the German economic miracle amp.theguardian.com/commenti… (

the Guardian

The Guardian view on Germany’s economic miracle: it was built on debt relief | Editorial

Editorial: Cancelling loans put the Wunder into Wirtschaftswunder. Treat poor nations the same today

) https://nitter.moomoo.me/gladstein/status/1653748575560429574#m

**Response to @gladstein:** Of course, no Global South country is permitted to do such a thing today Also important: the debt that Germany had racked up wasn’t for peaceful development, it was debt incurred for fighting WWI and launching WWII and the Holocaust https://nitter.moomoo.me/gladstein/status/1653748577863192576#m