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GreekReporter.comGreeceGermany Owes Greece €9 Billion in WWI Reparations

Germany Owes Greece €9 Billion in WWI Reparations

Greek ParliamentBerlin may suffer from around 9 billion euros in lost revenue due to reparations from WWI to Greece, according to a recent report conducted by the Greek General Accounting Office.
In the relevant assessment, it is claimed that Greece had anticipated to receive 0.4% of the total amount of reparations after WWI.
Germany should have paid 37 installments to Greece, however the Greek government received nothing more than 1.5% of the total amount.
That was the result of a British and French initiative during the Lausanne Conference in 1932 to suspend demands for war reparations from Germany due to the Great Depression outbreak.
According to the Greek General Accounting Office’s report, Greece still has the right to ask for the 9 billion euros because of the fact that the country was not a signatory to the aforementioned agreement.

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