×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
06
Dec 2025
weather symbol
Athens 13°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Austrians tell Germans they owe Greeks 1.5 trillion drachmas!

The forced loan that the Nazis took from Greece, emptying the country's reserves, was never paid back

Newsroom December 26 08:53

Austrian newspaper, Der Standard, reported on the compensation that Germany owes Greece for the three-and-a-half-year German Occupation of the country during WW2. Der Standard refers to the report by a special working group of the Greek Finance Ministry in its report that appeared in the newspaper’s Christmas edition.

DER6

“German soldiers were in Greece from April 1941 to September 1944 and they left nothing behind them but burnt dirt and a legacy of hunger, sadistic slaughter and displacements. The great grandmother of the current Prime Minister Antonis Samaras, writer Penelope Delta, suicide the day when the Wermacht invaded Athens,” reports Der Standard before referring to the forced loan that Germany took from Greece that had an estimated fifteen zeroes in the amount.

DER1

The committee investigating the loan spent two years calculating the debt. Despite the problem that the debt caused, there are a large faction of Germans that doubt the obvious problems that Greece incurred. Beyond the money that was squeezed out of Greece, there were 1.4 million Greeks who were either killed or injured. 70,000 Jews were sent from Greece to concentration camps of which practically none were ever to return and another 130,000 unarmed civilians were executed.

DER4

Der Standard adds that the German government have been dishonest in their treatment of Greece as German historians around 1945 had consoled Greeks by stating that when Germany was joined there would be compensation made to Greece. When the union came however, it was too late as the German “treaty of two plus four” of 1990 included clauses to prevent demands for reparations.

>Related articles

The Greeks take center stage again in 2025 – Targeted acquisitions and “smart” vessel sales

Christmas Bonus 2025: What applies to private sector employees

Netflix buys Warner Bros. for $82.7 billion: How the mega deal closed

DER5

The full figure of the German debt to Greece during the war was 1.5 trilllion drachmas taken from the Bank of Greece in March 1942. This amount does not include the monthly expenditure of the Occupation troops at the time.

DER2 DER3

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Papastavrou: The ministerial meeting of the Greece, Cyprus, Israel and the USA group in Washington in April

December 5, 2025

European Commission handbook depicts the East Aegean islands and the Dodecanese as Turkish

December 5, 2025

Anger in Cyprus over the UN Secretary General’s envoy: She described the occupied territories as the “Turkish” side of Cyprus

December 5, 2025

From MAGA to Make Europe Great Again, with support for patriotic parties and a “stop” on mass immigration – How to stop the onslaught of China

December 5, 2025

Billionaire Andrej Babis reappointed Prime Minister of the Czech Republic on Tuesday

December 5, 2025

Axios: Trump will announce by Christmas the new governance structure for Gaza

December 5, 2025

Bolsonaro backs his eldest son as presidential candidate in the 2026 elections

December 5, 2025

US Ultimatum to the EU: Take on the majority of NATO spending by 2027

December 5, 2025
All News

> Politics

Papastavrou: The ministerial meeting of the Greece, Cyprus, Israel and the USA group in Washington in April

"The 3+1 format is the basis of a new regional architecture with countries that "respect the rules of the game and avoid confrontation", the Environment and Energy Minister said

December 5, 2025

European Commission handbook depicts the East Aegean islands and the Dodecanese as Turkish

December 5, 2025

Anger in Cyprus over the UN Secretary General’s envoy: She described the occupied territories as the “Turkish” side of Cyprus

December 5, 2025

Nicos Christodoulides reshuffles the government in Cyprus

December 5, 2025

Kyriakos Mitsotakis: Met with volunteers at the Maximos Mansion on the occasion of International Volunteer Day

December 5, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα