So, Greece is bust. It owes Germany lots of money. So, Greece’s idea is to set off its newly-revived claim for wartime reparations. It wants €162 billion. Germany says, “Oh no”. It says there was a deal in 1960 which settled all of those claims. But Greece says that that deal does not stand on its way. This is what Prime Minister Alexis Tsipras has said about that deal:
Bilateral Agreement of 1960.
This was when, by its own initiative, it paid 115 million Marks, as reparations, and the (then) Kingdom of Greece acknowledged that there are no further claims to be had. This agreement, however, did not have to do with the reparations that involved the damages suffered by the country, but with the reparations to the victims of Nazism in Greece. And, of course, in no case whatsoever, did it concern the Occupation Loan, or even the claims for reparations given the atrocities of war, the almost-complete destruction of the infrastructure of the country, and the destruction of the economy during the war and the Occupation. Continue reading →