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ATHENS – Relying on Germany for a big chunk of international bailouts, Greece said it has prepared a bill for World War II reparations that could cancel out all that it owes, setting up another likely rift.

Alternate Minister for Finance Dimitris Mardas said that Germany owes Greece up to 278.7 billion euros for damages caused by the Nazi occupation.

Greece owes the troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) 240 billion euros ($272.5 billion) in two rescue packages given since 2010.

But those came with harsh austerity measures attached, and which were imposed almost without question by previous governments until the ruling Radical Left SYRIZA took over in January this year on a promise to reverse big pay cuts, tax hikes, slashed pensions and worker firings which it still hasn’t done.

Now locked in tough talks with the troika over unfinished reforms that are delaying a critical 7.2-billion euro installment, and with German Chancellor Angela Merkel rejecting any idea of debt relief, Greece has turned again toward trying to get Germany to pay for WII beyond a settlement 65 years ago.

According to calculations by the General Accounting Office, which has collected archival material examined by experts, some 10.3 billion of that sum corresponds to the forced loan taken by the Nazis, Mardas said.

The rest concerns infrastructure and compensation to private individuals, he said. The Nazis were responsible for a number of atrocities that killed civilians primarily.

Mardas was speaking during a session of the parliamentary committee set up to investigate the reasons of Greece’s debt problem.

Greece has over the past few years raised the hope of getting more money for WWII reparations and for forced loans and gold taken away but Germany has rejected all claims.

The post Greece’s Bill to Germany for WWII Reparations: 278.7B Euros ($384.87B) appeared first on The National Herald.

Source: The National Herald
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