jollyroger's picture

    If Greece owes money to Germany, doesn't Germanuy owe money to Greece?

     

     

    On a morning when we learn that you may lend to Greece at ten percent more per annum than a loan to Germany, may we not enquire as to the relative equities between these parties if history is weighed in the balance?

     

    Every so often during the ongoing sturm und drang (irony intended...) over the slow process whereby the Greeks are being educated about the need to control ones own currency, the claim has been raised, as a sort of "nuclear option" that Germany continues to be in debt to Greece as a result of the occupation of Greece in WWII.

     

    It always sounded sensible to me.

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     (The Syriza-led government, which came to power in January, has increased Glezos’s demands, threatening to seize German property — including the Goethe Institute and the German Archaeological Institute, along with German schools and vacation homes — if Berlin refuses to pay 341 billion euros in compensation.)

     

    NYT


    I like this quote from Glezos from May.  (I had to look him up.  I figured he was dead.)  He sure can call them as he sees it.  I hope I can get away with it at his age. He was referring to the Troika.

    “the daily taunts by the echelons of power, the insidious leaks, the lies told in the certainty that the lying voice will be the one to be heard because it belongs to some powerful (though corrupted) German, some esteemed Luxembourgian (thought it doesn’t prevent him to live in a tax haven), some reputable French (although spineless and forgetful), to some upstart (and petty criminal) Dutchman, who is an expert to gracefully fall in front of the feet of the powerful.

    http://www.keeptalkinggreece.com/2015/05/21/oldest-mep-resistance-fighter-manolis-glezos-calls-on-greeks-to-say-no-to-loan-sharks-of-troika-institutions/ 

    I know one of them he was referring to is Jean Claude Juncker, the former PM of Luxembourg with the drinking habits of Boehner and makes up his own facts. He has spent most of his career helping corporations to not pay taxes.


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