greek flag

Greece Demands €278 Billion World War II Reparations from Germany, More Than its Debt to EU

Germany owes Greece no less than €278.7 billion in World War II reparations, Athens said, referring to the destruction wrought upon the nation during the Nazi occupation. The sum exceeds Greece’s total debt of €240 billion to the EU.

“According to our calculations, the debt linked to German reparations is €278.7 billion euros, including €10.3 billion for the so-called forced loan. All the other amounts are related to allowances for individuals or infrastructure,”

said the country’s deputy finance minister, Dimitris Mardas.

The figure was calculated by a parliamentary committee and the Greek supreme court. The numbers have previously varied between €269 billion and €332 billion.

Mardas added that at the 1946 Paris Conference the amount of reparations was set at $341.2 billion.

 

In response, Gabriel Sigmar, Germany’s economy minister and vice chancellor, described Greece’s demand as “stupid.” He said he suspected the demand was just the country’s attempt to squeeze some money from Eurozone countries to resolve its own debt crisis problems. “And this leeway has absolutely nothing to do with World War II or reparation payments,” he said.

Read more