http://www.time.com/time/world/article/0,8599,2093990,00.html Another legal issue that has surfaced concerns the 476 million reichsmarks lent against its will to Germany by the Greek National Bank during the war. If this were to be considered a form of war damage, then in principle it would be subject to reparation — except that according to the 1990 treaty Germany would not have to pay it. If the money were, however, to be considered a normal credit, then Greece would be entitled to get the money back. Without interest, the amount in today's money would amount to $14 billion. With interest at 3% over 66 years, that would come to at least $95 billion. The problem is this: even just partial recognition of such a debt would create a precedent that could bring untold further claims in its wake.
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Tuesday, 20 September 2011
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