Thursday - February 25, 2010

Greek deputy PM’s extraordinary attack on Germany over debt crisis. It’s the Nazis fault.

I guess it isn’t funny and some are saying that the euro could fall if Germany doesn’t help to prop up the Greeks and see em through this disaster.

I haven’t done a lot of reading on this and don’t know what all the ramifications would be.  It’s surely nothing to bother the US, or might it?

Anyone with knowledge on this topic, welcome please.  I’d really like to understand it better. I find things like this quite interesting, especially living so close to things. 

You might want to see the comments at the end of the article at the MAIL.  Very interesting.  Also, I happen to think while reading this earlier today, isn’t it nice for a change, going from it’s Bush fault to , It’s the Nazis fault.

‘The Nazis took our gold, they should at least thank us’: Greek deputy PM’s extraordinary attack on Germany over debt crisis
By MAIL FOREIGN SERVICE

Nazi theft of Greek gold during the Second World War is to blame for the country’s faltering finances, Athens claimed yesterday.

It came as new protests about the economy turned violent.

Greece said the real culprit for its problems were the Nazis, whose occupation lasted from 1941 to 1945.

‘They took away the Greek gold that was at the Bank of Greece, they took away the Greek money and they never gave it back,’ said Deputy prime minister Theodoros Pangalos.

‘I don’t say they have to give back the money necessarily but they have at least to say “thanks”.’

Germany had failed to offer enough compensation for the economic impact of the Nazi occupation, he added.

Germany swiftly rejected the accusation, saying it paid £50million in compensation by 1960 and more to forced labourers of the Nazi regime.

The economy was crippled, as foreign trade was suspended, agricultural output ground to a halt, and the treasury had to loan Germany money.

The EU has asked Greece to explain reports that it engaged in derivatives trades with U.S. investment banks that may have allowed it to mask the size of its debt and deficit from authorities ahead of its entry into the euro zone.

But Mr Pangalos said Italy did more than Greece to mask the state of its finances to secure euro zone entry.

ARTICLE AND PHOTOS HERE

Posted by peiper     on 02/25/2010 at 01:27 PM   
Filed Under: • Economics • Finance and Investing • International •  
• Comments (6) • Trackbacks(0)  Permalink •  

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