by Demosthenes Koukounas
translated from “Epikaira” magazine by Pyrros
A brief presentation of the entire issue historically
510 billion EUR in realistic calculations, is the current level of German debt to Greece, which still remains after seventy years unpaid. This amount refers only to payments demanded and forcibly taken from the Greek state fund by the Germans during the Occupation. These are the so-called Occupation Loans, which have no relationship or connection with other requirements of the country from Germany, coming from humanities or physical disasters, war reparations and war compensations. This issue, of course, neither is new or unknown.
However, because there is some haze, perhaps because of the time that has elapsed and due to suspicious reasons or expediency, it is useful to make some clarifications to avoid any confusion. There are several sides in Greece, usually out of ignorance, not able to understand how important it is to seek and to recover the unpaid loans of occupation, far exceeding the external public debt of Greece.
If in our country there were worthy and responsible political leaders, this debt would not have remained unpaid to date. And it’s not just a question to an overwhelming debt collected by a recalcitrant debtor. One who –until now- systematically avoided to arrange or issue cash order. Due to the large size of this debt, it was the main condition for the consolidation of the Greek economy over the years. In several critical phases, if each Greek government took care to settle this German debt in any reasonable way, we would not need to resort to borrowing in order the Greek state to survive.
So, what pointedly is told by competent and incompetent especially from many ignorant or presumptuous contemporary Germans, the cause of Greek financial problem is the non-collection of German debt. Neither sordid welter of words like “we ate together” nor the cost of worthless politicians and voters relationship even gaps in the Greek administrative system with so much delay revealed today. Even any kind of unauthorized theft and kickbacks could withstand the Greek cash economy if we had received the unpaid loans from Germany.
How did the occupying loans came up
Let us present a very brief presentation of the entire issue historically.
When Germany and Italy conquered Greece in the spring of 1941, the international Hague Conventions since 1907 provided for the part of the occupied state to pay for living expenses and maintenance of the occupying troops. Initially, the German and the Italian conquerors imposed arbitrary method of payment of these costs with the release of the so-called “occupation marks” and of ”Mediterranean” drachma, printed on demand. The pertinent of Greek occupation state reacted by in an uncontrolled way because of that currency in which the Bank of Greece was required to commute to the official Greek note to wearers. And finally three months later it was withdrawn completely (the occupying brand and Mediterranean GRD) all transactions of the conquerors with their suppliers and all other costs to Greece were made through the Bank of Greece.
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