×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
14
Oct 2026
weather symbol
Athens 17°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by
> 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

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

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

Heating oil prices cut by 40 cents a litre, diesel by 20 cents and petrol by 10 cents as heating allowance rises 30%

The Times: Greece and Italy compete for Britain’s wealthy as Chris Rokos fears new taxes

Brent crude hits $107 after fresh Middle East attacks, with Saudi Aramco targeted and Turkey drawn into the crisis

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

Tires worth their weight in Gold: The geopolitical game behind natural rubber

October 14, 2026

Mitsotakis in Larissa: Farmers to get tax-free diesel at the pump from 1 November

October 14, 2026

British Museum proposes sharing Parthenon Marbles between Athens and London as George Osborne calls for compromise

October 14, 2026

Work to resume on laying the electrical interconnector cable to Cyprus

October 14, 2026

Kimberly Guilfoyle: The diva ambassador and her inglorious exit after 11 months and 10 days in Greece

October 14, 2026

Man, 62, dies in Rhodes floods after car swept into the sea during severe storm; 7 areas of Greece on red alert (videos)

October 14, 2026

TasteAtlas ranks Greek melomakarona second among the world’s best cookies

October 14, 2026

Ukrainians continue Operation “Vivaldi”: Retake another 101 sq.km in Donetsk, reports of 3,000 Russian soldier casualties

October 14, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα