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German WW2 Reparations to Greece
AZDuck
Member Posts: 15,381
in Tug Tavern
The Greeks actually have a pretty good case, on its face.
In the 1950's the issue of war reparations was put on hold pending the final resolution of the occupation of Germany, which happened in 1991 via a treaty signed by France, Britain, Russia, the USA and Germany. No other nations were represented and the issue of reparations was not mentioned. The
http://en.wikipedia.org/wiki/Treaty_on_the_Final_Settlement_with_Respect_to_Germany
http://en.wikipedia.org/wiki/German_reparations_for_World_War_II
http://www.washingtonpost.com/business/greek-minister-stunning-evidence-for-german-war-reparations/2015/04/07/88aeff56-dd13-11e4-b6d7-b9bc8acf16f7_story.html
http://www.reuters.com/article/2015/04/07/us-eurozone-greece-reparations-germany-idUSKBN0MY1JR20150407
There are two issues: the forced loan that Germany forced occupied Greece to make; and reparations for damages caused by the German invasion and occupation.
Interestingly, Italy (which invaded Greece first in 1940) was required to pay $100M in reparations via the Paris Peace Treaty of 1947, in which $1 was valued at 1/35 of an ounce of pure gold... or 2,857,143 ounces of gold. At current prices for gold, that would be $3,485,714,286.
http://blogs.lse.ac.uk/eurocrisispress/2013/05/08/the-politics-of-the-german-war-reparations-to-greece/
The Greeks weren't a party to the 1990 negotiations, and still have a claim to assert.
In the 1950's the issue of war reparations was put on hold pending the final resolution of the occupation of Germany, which happened in 1991 via a treaty signed by France, Britain, Russia, the USA and Germany. No other nations were represented and the issue of reparations was not mentioned. The
http://en.wikipedia.org/wiki/Treaty_on_the_Final_Settlement_with_Respect_to_Germany
http://en.wikipedia.org/wiki/German_reparations_for_World_War_II
http://www.washingtonpost.com/business/greek-minister-stunning-evidence-for-german-war-reparations/2015/04/07/88aeff56-dd13-11e4-b6d7-b9bc8acf16f7_story.html
http://www.reuters.com/article/2015/04/07/us-eurozone-greece-reparations-germany-idUSKBN0MY1JR20150407
There are two issues: the forced loan that Germany forced occupied Greece to make; and reparations for damages caused by the German invasion and occupation.
Interestingly, Italy (which invaded Greece first in 1940) was required to pay $100M in reparations via the Paris Peace Treaty of 1947, in which $1 was valued at 1/35 of an ounce of pure gold... or 2,857,143 ounces of gold. At current prices for gold, that would be $3,485,714,286.
http://blogs.lse.ac.uk/eurocrisispress/2013/05/08/the-politics-of-the-german-war-reparations-to-greece/
The Greeks weren't a party to the 1990 negotiations, and still have a claim to assert.
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