Monday, April 8, 2013

Report: Germany Owes Greece $211B from WW II; Greece Never Given Reparations for German Loans

Greece may have discovered a new way to solve its huge debt problems: Get Germany to pay it billions in decades-old war reparations, the Newser website reports today (April 8, 2013).

The Greek finance ministry commissioned a secret report that says Germany owes the country big time over World War II. Greek calculations point to some $211 billion, or 80 percent of Greece's GDP (Gross Domestic Product).

The 80-page, top-secret report emerged yesterday. "Greece never received any compensation ... for the loans it was forced to provide to Germany or for the damages it suffered during the war," To Vima (a Greek newspaper) reported.

The report came after researchers perused 190,000 pages of documents -- including court rulings and legal texts -- many of which had been kept in bags in the basements of government buildings.

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