Summary Pakistan and Egypt were also among the creditors that helped Germany post World War
(Web Desk) – Amid the eurozone crisis and Greece’s looming debt, Twitterati have gone critical of Germany’s harsh stances and the bailout deal it presented to Greece but was rejected in a country-wide referendum.
They say many European and non-EU countries including under-developed countries like Pakistan and Egypt helped develop Germany’s economy and yet Germany is not extending the same courtesy when it comes to the present crisis with Greece.
Post war Germany's creditors included Greece and Spain, Pakistan and Egypt, as well as the US, UK and France http://t.co/ZWV35LQ3OL
—(@SultanAlQassemi) July 2, 2015Germany's creditors that agreed to provide debt relief in 1953 included Pakistan wah! https://t.co/smrdaYVYqd
— faraz khalid (@faraz_lhr) July 6, 2015Pakistan was one of the countries that forgave Germany half its debt including Greece But Germany has the gall to call Greece a burden
— FK (@faisalkapadia) July 5, 2015Cancelled debt. Some do http://t.co/9rKRkB2F7E RT @faisalkapadia what about all the aid Germany got post war ? Has anyone mentioned that
— Asteris Masouras (@asteris) July 5, 2015Dayummmm!
Pakistan helped post-war Germany recover as a creditor of reconstruction loans in 1953
http://t.co/aHxKTVeZFW
BHENS KA MOO STUFF
— Farrukh Zafar (@fariZafar) July 2, 2015
Pakistan was indeed one of Germany’s creditors by 1953 along with Egypt, Greece, Spain, US, UK and France. Half of Germany’s debt was cancelled in an agreement that was reached in London in August 1953.
After Greeks rejected the bailout plan, eurozone leaders are set to meet in an emergency summit in Brussels. Greek Prime Minister Alexis Tsipras after taking the political leadership of the country in confidence has left for Brussels where he will present new proposals.
The French Prime Minister Manuel Valls, however, has emphasized to doing whatever it takes to keep Greece in the eurozone.
