Tags: greece | reparations | ww ii | germany

Greece: Germany Owes Us $300 Billion in WW II Reparations

Monday, 06 April 2015 06:36 PM

Greece's deputy finance minister said on Monday Germany owes Greece nearly 279 billion euros ($305.17 billion) in reparations for the Nazi occupation of the country.

Greek governments and also private citizens have pushed for war damages from Germany for decades but the Greek government has never officially quantified its reparation claims.

A parliamentary panel set up by Prime Minister Alexis Tsipras's government started work last week, seeking to claim German debts, including war reparations, as well as the repayment of a so-called occupation loan that Nazi Germany forced the Bank of Greece to make and the return of stolen archaeological treasures.

Speaking at parliamentary committee, Deputy Finance Minister Dimitris Mardas said Berlin owed Athens 278.7 billion euros, according to calculations by the country's General Accounting Office. The occupation loan amounts to 10.3 billion euros.

The campaign for compensation has gained momentum in the past few years as Greeks have suffered hardship under austerity measures imposed by the European Union and International Monetary Fund in exchange for bailouts totalling 240 billion euros to save Greece from bankruptcy.

Tsipras has frequently blamed Germany for the hardship stemming from the imposition of austerity. He has angered Berlin by threatening to push for reparations in the middle of talks to unlock aid for Greece.

Germany has repeatedly rejected Greece's claims and says it has honoured its obligations, including a 115 million deutschmark payment to Greece in 1960. ($1 = 0.9142 euros)

© 2021 Thomson/Reuters. All rights reserved.


   
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Greece's deputy finance minister said on Monday Germany owes Greece nearly 279 billion euros ($305.17 billion) in reparations for the Nazi occupation of the country.
greece, reparations, ww ii, germany
237
2015-36-06
Monday, 06 April 2015 06:36 PM
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