U.S. Risks Joining 1933 Germany in Pantheon of Deadbeat Defaults
By John Glover -
Oct 13, 2013 7:01 PM ET
Germany unilaterally ceased payments on long-term borrowings on May 6, 1933, three months after Adolf Hitler was installed as Chancellor. The default helped cement Hitler’s power base following years of political instability as the Weimar Republic struggled with its crushing debts.
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