SECURITY WARNING: Please treat the URL above as you would your password and do not share it with anyone.
SECURITY WARNING: Please treat the URL above as you would your password and do not share it with anyone.

Email This

Thank You

Your email has been sent.

Error.

An error has occured and your email has not been sent.
Please try again.
• Invalid email address.
• You can't enter more than 20 emails.
• Seperate multiple addresses with Commas.
• Must enter an email address.
• You must enter the verification code below to send.
• Invalid entry: Please type the verification code again.

Greece Wants Germany to Pay War Reparations

.
ATHENS—Greece is seeking to revive a long-standing demand for reparations from Germany arising from World War II, its foreign minister said on Wednesday, in a move that could test Athens's ties with Berlin, which bears the largest part of the country's rescue package.
Greece's claims to war damages from Germany's occupation of the country some 70 years ago aren't new and there is little sign that they could be successful this time. Earlier attempts by previous governments and individuals to raise the issue have resulted in lengthy legal battles, some of which are still pending at international courts.
But the country's fragile coalition government has been under pressure to push ahead with the case, by a vocal leftist opposition that is seeking to politically capitalize on public anger against Germany, and also by public opinion. Berlin is largely blamed domestically for harsh austerity measures that have slashed incomes and boosted unemployment to a record 27%.
"Most legal experts think Greece doesn't have much of a chance on this issue, given the passage of time and the fact that Germany has been among the most active donor nations contributing to European structural funds and funds to Greece since the 1980s," said Theodore Couloumbis, professor emeritus in international relations at the University of Athens. "In my view, a political game is being played and it is being exaggerated."
Foreign Minister Dimitris Avramopoulos told lawmakers that Greece hasn't given up its bid to obtain war reparations from Germany.
"We are pressing on with all the necessary measures," Mr. Avramopoulos said. He called for "the restoration of justice and truth about the suffering of the Greek people during the difficult years of the occupation…a difficult period during which the Greek people suffered, went hungry and were looted like no other country."
Mr. Avramopoulos didn't specify the amount Greece would seek in damages nor in what jurisdiction or on what legal grounds they would be pursued, pending an opinion by its legal advisers
Local media reports put the damages amount at as much as €162 billion ($211 billion)—equal to about 80% of the country's gross domestic product and nearly half of its estimated public debt—citing government officials and a confidential experts' report commissioned by the Ministry of Finance.
About two-thirds of the claims relate to damages caused to country during the Nazi occupation, with the rest relating to the repayment of a forced loan from the Bank of Greece TELL.AT +22.69% to the German military in 1942, say the reports. Greek government officials have declined to comment on the report, which is now being reviewed by the state's legal advisers.
Germany, which has long insisted that the matter is closed, reiterated on Wednesday that there was nothing to discuss. "The [German] Federal Government is of the opinion that the question of reparations is already settled," said a German finance ministry official.
Greece was among other nations that were awarded a symbolic compensation mostly in material goods as part of the Paris Conference on Reparations in 1945. Germany subsequently also agreed to pay Greece some 115 million deutsche marks in 1960 as compensation to individual victims of Nazi crimes on the condition that no further individual claims would be considered.
But cases have kept coming, with the most notable one by the residents of Distomo in central Greece, where mass killings took place in 1944. Some of these cases have made their way to the International Court of Justice in The Hague.
Faced with rising anger and frustration at the country's six-year recession, Greek Prime Minister Antonis Samaras will be called on to perform a fine balancing act as he resurrects these financial claims.
Tensions between the two countries intensified early last summer as Greece was threatened with euro exit in the midst of a political vacuum. But relations have been improving since Mr. Samaras's election and after German chancellor Angela Merkel's visit to Athens late last year. In recent months, German officials have praised Greece on its reform efforts after a slow start to its adjustment program.
With Greece continually looking for support from Germany in its quest for softer bailout terms to international aid, Greek political leaders hope to avoid an embarrassing kerfuffle in Berlin.
"This should not be a hostile action against the [German] people with which we are on a common European course together," Mr. Avramopoulos said.
Greece's bargaining position has been weakened by the country's three-year debt crisis. The country has also been a recipient of aid for years as one of the poorer members of the European Union.
For decades Greece has been paying for infrastructure projects from European Union funds, heavily funded by Germany, while Berlin is the largest contributor to Greece's €173 billion second bailout that has prevented the country from defaulting.
However, austerity-weary Greeks want to see more action being taken against Germany on compensation efforts as unemployment continues to rise and businesses shut down at a record pace.
On Wednesday, the main opposition Syriza party called for a cross-parliamentary party committee to be set up that can oversee the push to obtain damages—a position backed by socialists Pasok, which take part in the conservative-led coalition government. Syriza, which is neck and neck with Mr. Samaras' New Democracy party in the polls, also called for the Greek prime minister to take a stance on the issue.
—Harriet Torry in Berlin and Stelios Bouras in Athens contributed to this article.
Write to Nektaria Stamouli at nektaria.stamouli@dowjones.com and Philip Pangalos at philip.pangalos@dowjones.com
Copyright 2012 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit

Don't Miss

Five Countries With the Most Multimillionaires
Play Video
(WSJ.com: Live)
Five Countries With the Most Multimillionaires
Kenya Minister Says Some Attackers Lived in U.S.
Play Video
(WSJ.com: Live)
Kenya Minister Says Some Attackers Lived in U.S.
World's Largest Building Isn't Just a Building
Play Video
(WSJ.com: Live)
World's Largest Building Isn't Just a Building
Model Behavior Storms Social Media
Play Video
(WSJ.com: Live)
Model Behavior Storms Social Media
To add a comment please
Create an Account
Your real name is required
for commenting.
  • Clear
  • Post

Email This

Thank You

Your email has been sent.

Error.

An error has occured and your email has not been sent.
Please try again.
• Invalid email address.
• You can't enter more than 20 emails.
• Seperate multiple addresses with Commas.
• Must enter an email address.
• You must enter the verification code below to send.
• Invalid entry: Please type the verification code again.
Advertisement

Available to WSJ.com Subscribers

  • Subscriber Content Read Preview

    Technology Shapes Kenyan Elections

    The Internet and social media in Kenya, which played a central role in this year's elections by allowing Kenyans to question candidates, took on a new function Tuesday—spreading messages of peace to avert new bloodshed.
  • Subscriber Content Read Preview

    Beijing, U.S. Unveil New Korean Sanctions

    The U.S. and China introduced a new round of sanctions against North Korea at the United Nations that the U.S. said would significantly impede the development of Pyongyang's nuclear and missile programs, in response to its test last month of an atomic bomb.

Don't Miss

Gunmen Open Fire in Nairobi Mall
Play Video
Gunmen Open Fire in Nairobi Mall
(WSJ.com: Live)
What's the Verdict on Samsung's Smartwatch?
Play Video
What's the Verdict on Samsung's Smartwatch?
(WSJ.com: Live)
Monster Shrimp Invade U.S. Coastal Waters
Play Video
Monster Shrimp Invade U.S. Coastal Waters
(WSJ.com: Live)

From the HomePage

  • [image]

    Government Heads Toward Shutdown

    The nation braced for a partial shutdown of the federal government, as time for Congress to pass a budget before a Monday midnight deadline grew perilously short and lawmakers gave no signs Sunday they were moving toward a resolution.
  • [image]

    IPOs Target Taste for Risk

    Abreast of the Market: Twitter, Hilton and Chrysler are among the expected IPOs that could lure individual investors back to stocks.
  • Italian Stocks, Bonds Pare Losses

    Italian stocks and bonds were under pressure with the country's government teetering on the brink of collapse, although markets quickly steadied after an early sharp selloff.

Popular Now What's This?
Close
Content engaging our readers now, with additional prominence accorded if the story is rapidly gaining attention. Our WSJ algorithm comprises 30% page views, 20% Facebook, 20% Twitter, 20% email shares and 10% comments.

Content from our Sponsors [?]

History's Most Infamous Executions
Learnist
History's Most Infamous Executions
OECD: Israel is second-most educated country
ynetnews.com
OECD: Israel is second-most educated country
Why Britain Isn’t So Great?
Foreign Students News
Why Britain Isn’t So Great?
.
Loading...

Footnotes*

Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive U.S. stock quotes reflect trading in all markets and are delayed at least 15 minutes. All quote volume is comprehensive and reflects trading in all markets, delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements.

Most Recommended

.
Journal Community

Hello

Your question to the Journal Community Your comments on articles will show your real name and not a username.Why?
Why use your real name? The Journal Community encourages thoughtful dialogue and meaningful connections between real people. We require the use of your full name to authenticate your identity. The quality of conversations can deteriorate when real identities are not provided.
Please enter your first and last name
Create a Journal Community profile to avoid this message in the future. (As a member you agree to use your real name when participating in the Journal Community)

Notice:

Your participation access with Journal Community has been disabled due to violation of Journal Community Guidelines.
If you feel you have reached this status change in error, please contact TBD@wsj.com
Please log in or register for free to use Save This.
Name your new Collection and click save.
  • Recommend
    Recommend
    265264
  • This page has been shared 150 times. View these Tweets.
  • inShare.9

Journal Community Hello,

Your full name will be displayed with your comment and a Journal Community Profile will be created for you. At any time, you can visit Journal Community to review and edit your Privacy Settings.