Do you know who the debt was too?If Germany do not take over Czechoslovakia in March 1939 and gain access to its raw materials, industry and especially gold reserve, the German economy promptly collapses. They could not afford the re-armament they were doing. It was the same thing in August 1939 - Germany had to go to war, or face economical collapse. One should remember that Germany entered the war with the same level of debt as a percentage of GDP as the Americans LEFT it with. . . . Thus Germany collapses, unable to pay for imports (oil, bauxite, copper, nickel, chrome, led, iron) they need to feed their industry, while France and Britain continues to build up.
I thought a majority of the imports into Germany came from the Soviet Union, were they only accepting gold at the time?