Friday, January 05, 2007

UK pays off World War Two debt 61 years later

"Britain has cleared the payment of loans lent by the US and Canada during World War Two some 61 years ago.

The British Treasury sent its 50th and last repayments of Pnds 42.4 million (Dlrs 80 m) to the US and Pnds 9.8 m to Canada via electronic payment on December 29" 2006.

"In contrast, loans issued by and to Britain during the first world war were never resolved until a deal was struck in 1931 to wipe them out and give countries a chance to rebuild during the years of the Great Depression." (IRNA)

There are some interesting historical tidbits to be found in the three following stories:

The Independent story

London Free Press story

Islamic Republic News Agency story

33 Senators Say They Were Wrong To Vote For War In Iraq

What more can be said? ABC asked, and a solid majority of Senators publicly say they were wrong.

Think Progress story