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Britain today was expected to make its final payment — on World War II loans from the U.S. and Canada. This country extended $4 billion in credit in 1945. And Canada granted a loan — of more than $1 billion. The money helped Britain stave off bankruptcy after fighting the Nazis. The British have been paying back the loan ever since. Today's final payment to the U.S. treasury is $84 million.
Britain today was expected to make its final payment — on World War II loans from the U.S. and Canada. This country extended $4 billion in credit in 1945. And Canada granted a loan — of more than $1 billion. The money helped Britain stave off bankruptcy after fighting the Nazis. The British have been paying back the loan ever since. Today's final payment to the U.S. treasury is $84 million.
posted by Andy W. Rogers | 7:20 AM
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