‘Germany owes Greece WWII reparation’

Source: Presstv

Greece has announced that Germany must pay reparations for damages inflicted on the Greeks during World War II, a report says.

According to a report published by the New York Times on October 5, a group of Greek lawmakers stated in an 80-page report that Berlin owed reparations for those Greeks who died during the world war.

In the report it was mentioned that Germany also owes a large unpaid loan Athens was forced to give the Nazi state.

Greek Prime Minister Antonis Samaras says he has handed the report over to Greece’s Legal Council of State, which is to decide on the future of the case.

Athens has not yet released the total amount it believes Berlin owes. However, the figure discussed most often as the amount Germany must pay is USD 220 billion, half of the total debt Greece has.

In April, a panel set up by the Greek Finance Ministry said that Germany had to pay more than 160 billion euros in reparations to Greece.

Following the announcement, the German daily Der Spiegel said that Berlin should pay 108 billion euros for the reconstruction of its damaged infrastructure following the war.

Reports also said that Germany owed Greece 54 billion euros in loans it received during 1942 and 1944.

In July, German Finance Minister Wolfgang Schaubl said his country had to “examine exactly what happened in Greece.”

Experts believe that if Germany pays Greece what it allegedly owes, it would significantly improve the country’s likelihood of surviving the spiraling crisis and its crippling debt.

Greece has been dependent on bailout funds from international rescue loans approved by the troika of international creditors – the European Commission, the International Monetary Fund and the European Central Bank – since May 2010.

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