Paris Peace Treaties, (1947) series of treaties between the Allied powers and five defeated European countries that had been aligned with Germany and the Axis powers during World War II, specifically Italy, Hungary, Romania, Bulgaria, and Finland. Representatives from 21 countries met in Paris from July to October 1946 to negotiate the terms of the treaties. Signed in the French capital on February 10, 1947, the treaties formally ended the war in Europe and established a new, peaceful order on the continent.
The five treaties that constitute the Paris Peace Treaties are the Treaty of Peace with Italy, the Treaty of Peace with Hungary, the Treaty of Peace with Romania, the Treaty of Peace with Bulgaria, and the Treaty of Peace with Finland. Included in the treaties were terms of surrender and disarmament, territorial adjustments, war reparations, the punishment of war criminals, and the recognition of human rights.
Territorial adjustments were a major part of the 1947 Paris Peace Treaties. The treaties aimed to redraw the boundaries of Europe and adjust the territories of the defeated countries to establish peace and stability in the region. Some of the major territorial adjustments included:
The territorial adjustments made by the treaties were controversial, as they led to the forced migration of millions of people and the displacement of ethnic minorities. Many people were uprooted from their homes and forced to move to new regions, often with little support or assistance from the authorities. This led to widespread suffering and hardship for people in the affected regions. Nevertheless, another goal of the Paris Peace Treaties was to protect human rights and the freedoms of individuals in the defeated countries, which are explicitly addressed in the treaties.
The defeated countries had to pay war reparations. Italy was required to pay $125 million to Yugoslavia, $105 million to Greece, $100 million to the Soviet Union, $25 million to Ethiopia, and $5 million to Albania. Bulgaria was required to pay $25 million to Yugoslavia and $45 million to Greece. Hungary was to pay $200 million in commodities to the Soviet Union and $100 million in commodities to be split between Yugoslavia and Czechoslovakia. Moreover, Romania and Finland each were required to provide $300 million in commodities to the Soviet Union over a period of years.