Compulsory loan of Greece to Nazi Germany

The Compulsory loan of Greece to Nazi Germany (German: Deutsche Zwangsanleihe in Griechenland), also known as the forced loan of 1942 (Greek: καταναγκαστικό δάνειο του 1942) or Occupation loan (κατοχικό δάνειο) refers to a payment for occupation costs demanded by Nazi Germany from the collaborationist Greek government during the German occupation in the Second World War.

Excerpt from file R 27320 from 1945, page 114 in the Political Archive of the Foreign Office: "German Remaining Debt" totaling 476 million RM.

From April 1943, Germany began repaying part of its occupier's debt in monthly installments. Converted into Reichsmark and taking into account exchange rate fluctuations, a German document compiled in 1945 listed a "German Remaining Debt" of 476 million RM.[1]

The question of a Greek repayment claim now valued between 5 and 11 billion Euro has been a contentious issue between Greece and Germany in the 21st century, recently intertwined with the debate over the Greek debt crisis.[2] The dispute is pursued more through public media than legal or diplomatic channels.[3]

  1. ^ "The Nazis' stolen 'loan' from Greece – DW – 10/10/2018". dw.com. Retrieved 21 June 2024.
  2. ^ Volker Wagener: German-Greek dispute - A case for couples therapy Deutsche Welle, March 16, 2015.
  3. ^ On the Greek compulsory loan of 1942 Scientific Services of the German Bundestag, Paper from December 11, 2013, p. 4.

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