Friday 9 December 2016

Greece: Germany owes us €279bn

Published 07/04/2015 | 02:30

Greece's deputy finance minister yesterday said that Germany owes Greece nearly €279bn in reparations for the Nazi occupation of the country.

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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.

Deputy Finance Minister Dimitris Mardas said Berlin owed Athens €278.7bn. The occupation loan amounts to €10.3bn.

The campaign for compensation has gained momentum in the past few years as Greeks have suffered hardship under austerity measures imposed by the EU and IMF in exchange for bailouts totalling €240bn.

Irish Independent

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