The country, at least certain sections of it, did so well that it has been open to the accusation of profiteering from the war. After the war there was some effort to find and punish profiteers, but the consequences and scope of these trials were far less severe than in many other countries, largely a reflection of the general acceptance of the realistic need for cooperation with Germany. On the whole, though the country fared relatively well, this is only a relative measure. Phil Giltner has worked out that Germany had a "debt" of roughly 6.9 billion kroner to Denmark as a whole. This means that they had taken far more out of the Danish economy than they had put in, aside from the negative side effects of the war on trade. The German debt had accumulated due to an arrangement with the Danish central bank, in which the German occupation forces could draw on a special account there to pay their bills from Danish suppliers. Exports to Germany were also largely settled this way. The arrangement was agreed to for fear of German soldiers helping themselves without paying, and the conflicts that might follow. It also meant that the Danish central bank was picking up a large part of the tab for the German occupation, and that the money supply rose drastically as a result.
