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War bonds
GOLD-backed bonds issued in the 1920s by a Germany seeking to rebuild after the First World War are being presented for payment by a small group of holders led by a US lawyer, Ed Fagan.
He is seeking 4 billion for them, noting that they are valid. Fagan said that when Germany signed off on its outstanding pre- and post-Second World War debts in 1953, it didn’t renounce its obligation on the bonds. He has filed suits in Florida and New York.
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Sunday 27 May 2012
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