How Greece Wants To Repay The Debt To The Germans

How Greece Wants To Repay The Debt To The Germans
How Greece Wants To Repay The Debt To The Germans

Video: How Greece Wants To Repay The Debt To The Germans

Video: How Greece Wants To Repay The Debt To The Germans
Video: The Economy of Greece 2024, December
Anonim

Greece has one of the most volatile economies in the European Union. The amount of its loans exceeds 240 billion euros, and the size of the state debt is more than 150% of GDP. Experts believe that due to the country's situation, its exit from the EU is only a matter of time.

How Greece wants to repay the debt from the Germans
How Greece wants to repay the debt from the Germans

The Greek government was asked to introduce austerity, a six-day work week, reduce the minimum wage, increase the flexibility of the work schedule, and reduce the periods of weekends and vacation days.

However, Athens is looking for other options for increasing its wealth. Since Germany provided the largest loan to Greece of all EU countries, this study is aimed at it. Thus, the Greek Ministry of Finance decided to demand compensation from the Germans for the Nazi occupation of the country in World War II.

The Greeks are calculating the amount they are going to claim. For this, it is planned to study the archives. The approximate amount is named in the amount of 7.5 billion euros.

For the first time, the question of reparations not paid by Germany arose in the spring of 2010. Then the Deputy Prime Minister of Greece accused the Germans of taking out the country's gold reserves during the war, which triggered the destruction of its economy. Germany was also accused of a two-billion-dollar loan, then compulsorily issued by Greece.

Germany, in turn, said that according to the 1960 agreement, Greece had already been paid $ 74 million. In addition, the prisoners of the concentration camps received their compensation.

The issue of Germany's debt has been increasingly raised by Greece lately. However, the country's government says that this has nothing to do with the difficult economic situation and calls on the EU countries to continue to jointly continue to fight the economic crisis.

In the spring of 2012, Greece was again going to reduce the national debt by demanding reparations from the Germans, but the German Foreign Ministry refused to meet the demands. At present, the government of the country also does not consider the claims of Greece to be justified.

At the same time, the overwhelming majority of Germans do not believe that the Greeks will be able to repay their debts, more than half of the country's residents are in favor of excluding Greece from the Eurozone.

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