Greek Values German WWII Reparation at 279 Billion Euros

After a weekend of trying to mend fences with its international creditors ahead of a loan repayment due to the International Monetary Fund (IMF), Greece crashed into another row after it put a figure on the war reparations it wants Germany to make.

As the storm clouds gather over Greece in a week some say could be critical for the country’s future within the euro zone, or outside it, Greece’s appetite for war compensation from Germany remained undiminished.

On Monday, the country’s deputy finance minister said Germany owed it nearly 279 billion euros ($302 billion) for the Nazi occupation of the country in World War II, putting a definitive amount on the reparations it has been claiming for decades it is owed.


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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza