Skip to comments.Germany owes Greece €185billion in WWII reparations, say German researchers
Posted on 12/14/2017 5:12:49 AM PST by Leaning Right
Does Germany owe indeed Greeks billions of euros in World War II reparations for the damages and the enforced loan during the occupation of the country by the Nazis? So far, Berlin has vehemently rejected any Greek claims. However, two German researchers dug into the documents of the dispute. have discovered and calculated that the German state owes Greece 185 billion euros. Of this not even a 1% has been paid to Greece.
(Excerpt) Read more at keeptalkinggreece.com ...
Germany has been financially sporting Greece since they joined the EU. I’d say they have paid off with interest. Greece has become a money pit. It’s like trying to support a cocaine user. More and more of the money you intend for their good will get siphoned off into cocaine; until they die. At this point, Germany should take Greece over to McDonald’s and buy them a meal, but no more money.
I believe Greece has leeched no less from Germany in a last decade alone. Who said 4th Reich is free?
The more discomfort for the commie, the better.
The EU could cut Greece off. But it won’t.
Would Soros’ credit card be able to take care that sum?
On the loan deal, it has a bit of interesting history to it. Germany could have ‘robbed’ Greece at the time, but oddly enough signed a loan paper, with ZERO-percent interest. The loan, by the way, is not with the government of Greece....but with Greek national bank. If you use the no-interest situation....it equals somewhere in the ten-billion Euro range. But there’s this odd feature of the Greek national bank....after the war, the government limited itself to only one-third ownership...the rest is private funds. So the gov’t of Greece (max) could only get around 3.5 billion Euro off this deal, and the rest would go to private stock-holders of the Greek national bank.
On the topic of deaths and private property destroyed, the West German gov’t paid out 115-million DM in the early 1960s. Greece accepted the money, and readily spent it. No one has ever said that private citizens themselves got any part of the money.
The only way that the 185-billion number can really work is that people pretend there was an interest rate stated on the paperwork (there wasn’t), and that the 115-million DM pay-out in 1960 never covered everything.
LOL me too!!
> Germany could have robbed Greece at the time, but oddly enough signed a loan paper, with ZERO-percent interest. <
That the loan was made in 1942, when Greece was under Nazi occupation. So that the loan was certainly made under duress. Any Greece banker who refused to sign the loan agreement would have been immediately punished.
A fair resolution: Assign to that loan what was the prevailing interest rate at the time.
The quality of life for the citizens of Greece has greatly declined since they joined the EU. That money has largely ended up in the pockets Greek officials in exchange for letting German banks rape the country. Greece needs to leave the EU but is unable to so because Germany owns their government.
Let’s say that some decision on an interest-rate could occur with the ‘loan’....you come to this interesting problem.
As you pay it back today....do you pay it to the stock-holders of the bank in 1942-1945 era, or to the stock-holders of today?
And don’t you think the gov’t of Greece will be quick to jump in and claim 100-percent of the loan, when the max they could expect is roughly one-third because of the limited ownership? The Greek government officials would be arguing about this for years and years.
In its desperate search for more money to fill the sucking pit that is Greece's economy they're looking at 70 year old wrongs for reparations. They completely ignore how much money Germany has propped up Greece in the recent past. To borrow the cocaine addict analogy, this would be the coke head friend you've to whom you've given thousands of dollars demanding you pay him back because one day when you were kids you beat him up and took his lunch money. Other than the well-deserved agita it gives Merkel, this should be laughed at and dismissed.
By the same logic Greece owes Persia billions for Alexander the Great’s invasion.
And Greece owes Turkey billions for the 1920 invasion of Turkey.
I could go on....
> By the same logic Greece owes Persia billions for Alexander the Greats invasion... <
Very good point. A criminal group should have to pay for the damage they caused. But a line has to be drawn somewhere. Perhaps demands for reparations should end when all the harmed persons are no longer alive.
Similar to claiming a virgin in a whorehouse
This appears to be documented. Are those? Not that I care, but...
Thanks Leaning Right.
That tenfold increase in sales to Saudi Arabia over seven years looks like something to concentrate on.
Greece has had a continual phenomenon (related to Eurobanking and national economic depression) of forced sales of real estate, and there appears to be a push on to sell to foreign buyers, such as UK pensioners and the like. While cruising sites last night, I found that the undeveloped "Little Lesbos" 16 acre island, which is unbuilt and undeveloped and right offshore from Lesbos, is for sale to foreign buyers for the first time.
Greeces Top Trading Partners (66.3% of all Greek exports in 2016)
- Italy: US$3.1 billion (11.2% of total Greek exports)
- Germany: $2.2 billion (7.7%) [down -11.1% from 2009]
- Cyprus: $1.8 billion (6.4%)
- Turkey: $1.5 billion (5.3%)
- Bulgaria: $1.4 billion (5.1%)
- United States: $1.2 billion (4.3%)
- United Kingdom: $1.2 billion (4.2%)
- Lebanon: $1.2 billion (4.1%) [up 1,134% from 2009]
- Romania: $844.8 million (3%)
- Egypt: $830.1 million (3%) [up 197.2% from 2009]
- France: $786.7 million (2.8%) [down -1.7% from 2009]
- Spain: $779.1 million (2.8%) [up 46.6% from 2009]
- Netherlands: $677.4 million (2.4%)
- Macedonia: $626 million (2.2%)
- Saudi Arabia: $495.1 million (1.8%) [up 549% from 2009]
Highest Trade Deficits (country-specific trade deficit in 2016)
- Germany: -US$3.2 billion
- Russia: -$2.8 billion
- China: -$2.8 billion
- Iraq: -$2.5 billion [up 291.2% from 2009]
- Netherlands: -$2 billion
- South Korea: -$1.9 billion
- Kazakhstan: -$1.4 billion [up 78.9% from 2009]
- Belgium: -$1.4 billion
- France: -$1.4 billion
- Italy: -$1.2 billion
Highest Trade Surpluses (country-specific trade surplus in 2016)
- Cyprus: US$1.4 billion
- Lebanon: $1.1 billion
- United States: $568.7 million
- Gibraltar: $420.9 million
- Macedonia: $381.5 million
- Albania: $292.6 million
- Singapore: $259.8 million
- Malta: $224.9 million
- United Arab Emirates: $223.6 million
- Libya: $219 million
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