Greece: ‘Germany owes us $302 billion in Nazi occupation damages’

Greece’s defense minister says the country has obtained “stunning evidence” to support its massive claims for World War II reparations from Germany. In remarks made at the ministry Monday and published Tuesday, Panos Kammenos, the Greek defence minister, said Greece had obtained records held by the U.S. military that review the extent of damage to private and public property during the Nazi occupation. The new figure includes an occupation loan that the Nazis forced the Bank of Greece to pay – adjusted for interest at €10.3bn ($11bn).

According to our calculations, the debt linked to German reparations is 278.7bn euros.

Deputy Finance Minister Dimitris Mardas told a parliamentary committee investigating responsibility for Greece’s debt crisis

On Sunday, Deputy Finance Minister Dimitris Mardas told a parliament committee that private and state reparation claims from Greece were worth a staggering 278.7 billion euros ($302bn). Berlin says it paid Athens 115 million Deutschmarks ($64m) in 1960, but Greece now says it did not cover payments for damaged infrastructure, war crimes and the return of the forced loan. A Greek repayment of $486m to the International Monetary Fund is due this Thursday.