In fact, hardline demands by the country’s US government creditors after World War I contributed to deep financial instability in Germany and other parts of Europe, and indirectly to the rise of Adolf Hitler in 1933. After World War II, however, Germany was the recipient of vastly wiser concessions by the US government, culminating in consensual debt relief in 1953, an action that greatly benefitted Germany and the world.
这样的解决方法有不少先例。主权债务已经调整过几百甚至几千次——其中也包括针对德国。事实上，一战后美国政府债权人的强硬要求造成德国和欧洲其他地区严重的金融动荡，并间接促成了阿道夫·希特勒1933年的崛起。但二次大战后，德国接受了美国政府明智得多的让步，以双方同意在1953年减免债务而达到高潮，这一举措惠及了德国和整个世界。但德国却未能从自己的历史中汲取教训。