If Greece attempts to start seizing German assets, the issue
will be resolved quickly when Greece gets obliterated. That country
is a mess.
money.cnn.com/20...
Germany owes Greece 279 billion euros in compensation for war
damage. At least that's what the Greeks say. The Germans say the
claim is nonsense.
The issue of German war debt towards Greece has been raised many
times before -- most recently in 2010 and 2012, when Greece was
negotiating the terms of its 240
billion euros ($260 billion) international bailout package.
But this is the first time Athens has put an official number --
roughly $300 billion -- on World War II reparations.
The German government has -- again -- dismissed the claims,
saying the matter has long been closed. "They won't get their debts
paid by conjuring up German obligations from World War II," German
finance minister Wolfgang Schaeuble told German media last
month.
Germany paid Greece 115 million marks in 1960, as required by
reparation agreements. On top of that, it also paid compensation
directly to individual victims of the Nazi regime in Greece --
forced laborers, for example.
Berlin says the issue of reparations was settled once and for
all by the international treaties that cleared the way for German
reunification in 1990.
Greece did not lodge a protest against those agreements at the
time.
But the Greek government now says the 1960 payments were not
enough.
"The 1960 agreement provided reparations only for the victims of
Nazism in Greece, not for the damage inflicted on the country
itself," Prime Minister Alexis Tspiras said in March, when he
launched a commission to establish the size of the claim and
suggest ways of resolving the dispute.
Athens also says those reparations did not cover an
interest-free loan that occupied Greece was forced to make to the
Nazis in 1942. The loan was never repaid.
The estimate of damages comes as Germans are losing patience
with Greece over its attempts to renegotiate the terms of its
massive bailout.
Germany itself has lent Greece 56 billion euros.
The Greek government has not made any formal request for
reparations but opinion polls show a claim would have widespread
popular support in Greece, which is struggling to
avoid another
financial collapse.
But Tspiras went as far as suggesting Greece could start
confiscating German assets if Berlin refuses to pay.
That was described as "bizarre and impertinent" by German
media.