Read time: 1 minute

Greece To Germany: Pay Back The Money We Lent YOU During World War II

Greece just tossed the gauntlet at Germany's feet.

Greece is still in hot and heavy negotiations with Germany over how to restructure its debt to avoid inflicting more pain on the Greek people and start building the economy. With creditors clamoring for more pain and less growth room, Greece is not going quietly into the night.

No, they are requesting that Germany repay its debt to Greece from World War II. With interest.

The Greek government has demanded that Germany pays it back €279bn (£205bn) in loans Greece was forced to give the Nazi authorities who occupied the country during World War Two.

Greece has long demanded reparations from Germany but in a statement on Monday Greece’s deputy finance minister Dmitris Mardas put an exact figure on the amount the country says it is owed for the first time.

Mr Mardas was speaking at a committee set up by the country’s left-wing Syriza government to calculate how much money Germany owed Greece.

In December 1942 Greece was forced by Nazi authorities to loan German 476m Richsmarks to cover the cost of the German occupation, which it says it has never been paid back.

€279bn is 125 per cent of Greece’s €223bn GDP; the money is around a tenth of Germany’s GDP.

The modern-day euro figure is the Greek government’s own calculation of what the loan would be worth today.

I'm certain we can expect Germany to scoff, but it places the entire debate in a different and far better frame for Greece, doesn't it?

Update: It looks like Tsipras blinked and more or less agreed to the same deal the people rejected last week. Greeks need to decide if they like the Euro enough to suffer for it, I guess.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage


New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team