Friday, July 27, 2012

German town attempts to reclaim 450-year-old debt now worth trillions

A 450-year-old debt could help one small German town pocket a monumental windfall running into trillions following the recent discovery of a long lost IOU certificate.




The small German town of Mittenwalde could become one of the richest in the world if officials in Berlin were to pay back the long-outstanding debt.
According to Radio Berlin Brandenburg, the certificate shows that Mittenwalde lent Berlin 400 guilders in 1562, to be paid back with six per cent interest per year.
Today the original outstanding debt would stand at an estimated £87million, an amount which would run into 'trillions' taking into account inflation and interest.

- Metro News,U.K

So those owing me, Pay with interest now or....

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