Germany 'Owes Greece £203bn' In War Payments

Written By Unknown on Selasa, 07 April 2015 | 23.22

Germany owes Greece more than £203bn in war payments - including more than £7bn for a forced loan taken by Nazi occupation forces - a junior finance minister in Athens has claimed.

Dimitris Mardas told parliament: "According to our calculations, the debt linked to German reparations is 278.7bn euros, including 10.3bn for the so-called 'forced loan'."

He said the figures had been compiled by Greece's state general accounting office.

Greece's radical government, which came to power in January, said German war reparations were a "moral issue" that must still be resolved.

Prime Minister Alexis Tsipras made this argument to German Chancellor Angela Merkel during his visit to Berlin in March.

His justice minister said he was prepared to activate a 15-year-old Greek Supreme Court ruling that authorised the seizure of German assets in Greece to pay for wartime atrocities.

But many experts say the dispute has effectively reached a judicial stalemate after a related adjudication between Germany and Italy by the International Court of Justice in 2012.

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