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European Business Review:
A Greek idea: 'Let the Germans finally pay their World War 2 debts!'

9 February 2015

According to the new Greek government, Germany has an enormous unpaid account in Greece. The Germans never paid anything for the murdering and plundering in the Second World War. The 'Zwangsanleihe', an extorted loan of half a billion Reichsmark, was never paid back. This claim only is worth more than 11 billion Euros. May be time for an adjustment? The historian Albrecht Ritschl of the London School of Economics (LSE) and Nobel Prize winner Joseph Stiglitz share the opinion that such an adjustment is not a weird idea.

This article was published online by The European Business Review on February 9, 2015
Link to article here

Related publications
'Reparations, Deficits, and Debt Default: the Great Depression in Germany', Albrecht Ritschl, Centre for Economic Performance Discussion Paper No.1149, June 2012

Related links
Albrecht Ritschl webpage
Macro Programme webpage

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