When did Germany stop paying reparations for the World War I?

As an expert in international relations and historical economics, I can provide a detailed account of Germany's reparations for World War I. The issue of reparations after World War I is a complex one, with a long and intricate history that extends well beyond the immediate post-war period. It is important to note that the term "reparations" can refer to various forms of compensation, including monetary payments, assets, and services provided as a result of war damages and losses. After the end of World War I, the Treaty of Versailles, signed on June 28, 1919, imposed heavy reparations on Germany. The treaty required Germany to accept full responsibility for causing the war and to pay substantial sums to the Allies for the costs of the war and the damages incurred. The final amount of these reparations was determined at the Paris Peace Conference and was set at 132 billion gold marks (roughly $33 billion USD at the time), an amount that was later reduced in various agreements. The economic burden of these reparations was immense and had significant consequences for Germany. The payments led to severe economic depression and hyperinflation in the early 1920s, which in turn contributed to the political instability that eventually paved the way for the rise of the Nazi Party. In response to the economic crisis, the Reparations Commission was established in 1921 to review and adjust the reparations. The Dawes Plan, proposed by American banker Charles G. Dawes in 1924, aimed to stabilize the German economy by restructuring the reparations payments. This plan reduced the annual payments and allowed for foreign investment in Germany, which helped to stabilize the German mark and the economy. However, the Great Depression of the 1930s further complicated the issue. Germany, like many other countries, faced severe economic difficulties, and in 1932, the Lausanne Conference was held to renegotiate the reparations. The resulting Lausanne Agreement of 1932 effectively ended the reparation payments by Germany, replacing them with smaller and more manageable annual payments. Following the outbreak of World War II, the issue of World War I reparations was largely overshadowed by the new conflict. After the end of World War II, Germany was once again faced with reparations, but this time for the damages caused during the second war. The focus shifted from the earlier conflict to address the new demands. In the post-World War II period, Germany made significant efforts to address the Holocaust and the crimes committed during the Nazi regime. This included payments to Israel and individual Holocaust survivors, which are often referred to as compensation rather than reparations. These payments were made as part of the Luxembourg Agreement in 1952 and continued for many years. Regarding the final payments towards the loans that were initially part of the World War I reparations, it is true that in 1995, following the reunification of Germany, the country began making the final payments on the loans that had been taken out to finance the earlier reparations. A final installment of US$94 million was indeed made on October 3, 2010, which settled the German loan debts in regard to the reparations. In conclusion, the issue of Germany's reparations for World War I is a multifaceted one that evolved over time. The final payments on the loans related to these reparations were made in 2010, but it is essential to understand the broader historical context and the various agreements and economic plans that shaped this process.

In 1995, following reunification, Germany began making the final payments towards the loans. A final installment of US$94 million was made on 3 October 2010, settling German loan debts in regard to reparations.