NEWS

Germany owes Greece 162bln euros in WWII reparations, report suggests

German magazine Der Spiegel has picked up on a report in Greece that a panel of experts examining whether Berlin owes Athens Second World War reparations has concluded that the Greek government should receive a total of 162 billion euros.

The German publication quotes a report in To Vima newspaper, which claims to have seen the figures in a report produced by the Finance Ministry committee assigned to investigate the matter.

Last week, Alternate Finance Minister Christos Staikouras refused to speak about the investigation, saying that its findings were secret.

To Vima reports that the experts found that Germany should pay Greece 108 billion euros for damage to infrastructure and 54 billion euros for a loan that the Nazi occupation forces obliged Greece to take in order to pay Berlin during the war.

The reparations are equivalent to about 80 percent of Greek gross domestic product.

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