France, which had been ravaged by war – its farmlands devastated by battles, industries laid waste and some three million men dead – pushed hardest for the steepest possible fiscal punishment for Germany.
The principal representative of the British Treasury at the Paris Peace Conference, John Maynard Keynes, resigned in June 1919 in protest at the scale of the demands, warning correctly that it was stoking the fires for another war in the future.
'Germany will not be able to formulate correct policy if it cannot finance itself,' he warned.
When the Wall Street Crash came in 1929, the Weimar Republic – Germany’s first
Up until 1952 Germany had paid some 1.5 billion marks in war reparations to Allied countries.
But in 1953 the balance was suspended pending a reunification of East and West Germany.
On October 3, 1990, the old debts went into effect again with 20 years for payment. Germany plans to pay off its World War I debts by October 3, next year.==
Мда, "мир без аннексий и контрибуций" долго не выходит.
Со WWII как-то быстрее вышло - 1953 год? Причем Финляндия единственная (?) выплатила все по WWII - если судить по Wiki.
UPD bbb указывает, что это не репарации, а облигации на руках держателей еще погашаются. Что несколько меняет дело.