World War I & World War II History

Sweden gave Nazi money loans in WWII

Hidden documents have surfaced that seem to show Sweden made significant loans to Nazi Germany during World War II.

The documents indicate that Ernst Wigforss, Swedish finance minister during the war, allowed one of the best loans at the time to be given to Germany, transferring around 40million kronor, roughly £3.5million today, to Berlin.

The document, which is a letter detailing the loan, was never officially filed, instead being hidden away from the standard records. The letter was only brought to light recently.

The money was given to Germany in order to allow them to pay off services given by Swedish shipbuilders at the time. Due to the nature of the deal, it required approval by the state before proceeding, the letter sent to Wigforss, was a conversation regarding this approval. The writer, Ernst Herslow, director of Skandinaviska Banken, states how Wigforss gave approval:

“The minister expressed his understanding, that it would be desirable for the credits to be provided”

Sweden had always maintained a neutral stance throughout the wars, this evidence being the first to go against these claims of neutrality and non-military involvement with either side during the war.

It is thought that Sweden may have given the loan so they could continue to build ships for the German navy, without being asked for full support and aid.

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