Germany owes Greece £204bn!
Discussion
This is what comes of having a joke government. The greeks have no credibility whatsoeverPetrus1983 said:
Can't see Germany loaning them another penny now - so effectively they've put a noose around their own necks. Bye bye Greece.
Dragging up an old insult like that to the richest country in Europe who is looking to help you out is probably not best practice 
they have painted them selves into a corner with promises to the people and now in power realise the truth about austerity
Mr GrimNasty said:
eatcustard said:
Out of interest did Germany pay the UK and dosh, for WW2?
It's not the same situation. The Greeks blatantly do have a valid claim, they have never been FULLY repaid, but working out what is owed in today's money is not easy.I think they are now saying that the settlement was unfair or some such
oh maybe its not as simple as that
From Wiki
Greece[edit]
Excerpt Akte R 27320, page 114 (political archive of the German Federal Foreign Office)
In 1942, the Greek Central Bank was forced by the occupying Nazi regime to loan 476 million Reichsmarks at 0% interest to Nazi Germany. In 1960, Greece accepted 115 million Marks as compensation for Nazi crimes. Nevertheless, past Greek governments have insisted that this was only a down-payment, not complete reparations. In 1990, immediately prior to German reunification, West Germany and East Germany signed the Two Plus Four Agreement with the former Allied countries of the United States, Great Britain, France, and Russia. Since that time, Germany has insisted that all matters concerning World War II, including further reparations to Greece, are closed because Germany officially surrendered to the Allies and to no other parties, including Greece. On Sunday, February 8, 2015, the Greek Prime Minister, Alexis Tsipras appeared in front of the Greek parliament and officially demanded that Germany pay further reparations to Greece.
From Wiki
Greece[edit]
Excerpt Akte R 27320, page 114 (political archive of the German Federal Foreign Office)
In 1942, the Greek Central Bank was forced by the occupying Nazi regime to loan 476 million Reichsmarks at 0% interest to Nazi Germany. In 1960, Greece accepted 115 million Marks as compensation for Nazi crimes. Nevertheless, past Greek governments have insisted that this was only a down-payment, not complete reparations. In 1990, immediately prior to German reunification, West Germany and East Germany signed the Two Plus Four Agreement with the former Allied countries of the United States, Great Britain, France, and Russia. Since that time, Germany has insisted that all matters concerning World War II, including further reparations to Greece, are closed because Germany officially surrendered to the Allies and to no other parties, including Greece. On Sunday, February 8, 2015, the Greek Prime Minister, Alexis Tsipras appeared in front of the Greek parliament and officially demanded that Germany pay further reparations to Greece.
Lost soul said:
Mr GrimNasty said:
eatcustard said:
Out of interest did Germany pay the UK and dosh, for WW2?
It's not the same situation. The Greeks blatantly do have a valid claim, they have never been FULLY repaid, but working out what is owed in today's money is not easy.I think they are now saying that the settlement was unfair or some such
In 1960 Greece accepted 115 million Deutsch Marks (presumably from West Germany) as compensation for Nazi war crimes. Presumably the Greeks are saying that this is not the same thing as cancelling the outstanding debt.
Prior to reunification there was an agreement between East & West Germany and the WW2 allied powers of UK, USA, France and Russia that the Germans feel closes all WW2 claims. Again I presume that Greece feel that as they were not part of this agreement it doesn't apply.
whats Greece going to do about it? Invade germany? throw a hissy fit, leave the Euro?
We all know that the Euro as a currency is doomed and that most likely Europe as a central state/govenment is doomed just when it will implode is the question. Personally I like the idea of UK leaving now.
We all know that the Euro as a currency is doomed and that most likely Europe as a central state/govenment is doomed just when it will implode is the question. Personally I like the idea of UK leaving now.
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