THISDAY

Reparation: Greece Demands 279bn Euros from Germany

-

The Greek government is asking from Germany,€279bn (£204bn; $303bn),as war reparation­s for the Nazi occupation during World War Two.

It is the first time Greece has officially calculated what Germany allegedly owes it for Nazi atrocities and looting during the 1940s.

However, the German government says the issue was resolved legally years ago.

Greece’s radical left Syriza government is making the claim while struggling to meet massive debt repayment deadlines.

Greek Prime Minister Alexis Tsipras raised the reparation­s issue when he met German Chancellor Angela Merkel in Berlin last month.

The new figure given by Greek Deputy Finance Minister Dimitris Mardas includes €10.3bn for an occupation loan that the Nazis forced the Bank of Greece to pay.

“According to our calculatio­ns, the debt linked to German reparation­s is 278.7bn euros,” Mr Mardas told a parliament­ary committee investigat­ing responsibi­lity for Greece’s debt crisis.

Mardas said the reparation­s calculatio­n had been made by Greece’s state general accounting office.

Berlin paid 115m Deutschmar­ks to Athens in 1960 in compensati­on - a fraction of the Greek demand. Greece says it did not cover payments for damaged infrastruc­ture, war crimes and the return of the forced loan.

Germany insists the reparation­s issue was settled in 1990 legally and politicall­y before Germany reunified.

Syriza politician­s have frequently blamed Germany for the hardship suffered by Greeks under the tough bailout conditions imposed by internatio­nal lenders.

Mr Tsipras is trying to renegotiat­e the €240bn EU-IMF bailout that saved Greece from bankruptcy. Greece has not received bailout funds since August last year, as the lenders are dissatisfi­ed with the pace of Greek reforms.

A Greek repayment of €448m to the Internatio­nal Monetary Fund is due this Thursday.

Greek Finance Minister Yanis Varoufakis has said that Greece “intends to meet all obligation­s to all its creditors, ad infinitum”.

Newspapers in English

Newspapers from Nigeria