Cash-strapped Berlin stalked by 540-year-old debt

A certificate of debt, found in a regional archive, attests that Mittenwalde lent Berlin 400 guilders on May 28 1562, to be repaid with six percent interest per year.

According to Radio Berlin Brandenburg (RBB), the debt would amount to 11,200 guilders today, which is roughly equivalent to 112 million euros ($136.79 million). —

But hold on — 2012 -1562 imeans the debt is 450 years old, not 540.


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