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Germany’s War Debt to Greece

A Burden Unsettled

  • Book
  • © 2014

Overview

Authors:
  1. Nicos Christodoulakis

    1. Athens University of Economics and Business, Greece

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-x
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  2. Infliction: Resource Expropriation as an Axis Policy

    • Nicos Christodoulakis
    Pages 1-9

  3. The Fruitless Claim: German Obstinacy and Greek Unpreparedness

    • Nicos Christodoulakis
    Pages 10-17

  4. The Impasse Continues: The Occupation Loan after German Reunification

    • Nicos Christodoulakis
    Pages 18-22

  5. The Valuation Mess: From Underestimating to the Overblown Claims

    • Nicos Christodoulakis
    Pages 23-40

  6. A Realistic Valuation: Alternative Estimates of the Loan’s Present Value

    • Nicos Christodoulakis
    Pages 41-48

  7. Negotiation: The Occupation Loan and the Greek Bailout

    • Nicos Christodoulakis
    Pages 49-56

  8. Back Matter

    Pages 57-65
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Keywords

About this book

The book chronicles the Occupation Loan that was forcibly obtained by the Third Reich from the Greece in 1942-1944 and demonstrates why Greece's claim for the repayment of the loan is still valid. To overcome the absence of a normal debt agreement between the two countries, various assessments of its current value are presented and discussed.

Reviews

“Reading a few pages of Christodoulakis’s economic analysis of the loan’s valuation might be of interest to specialists on this topic. Those interested in learning the perspective of a former Greek Minister for Economy and Finance on the general issue of German reparations for World War II and the specific topic of the loan might also want to read this book.” (Gabriella Etmektsoglou, Journal of Modern Greek Studies, Vol. 33 (2), October, 2015)

Authors and Affiliations

  • Athens University of Economics and Business, Greece

    Nicos Christodoulakis

About the author

Nicos Christodoulakis is Professor of Economic Analysis in the Athens University of Economics and Business (AUEB), Greece, and a Research Associate with the Hellenic Observatory at the London School of Economics, UK. His recent titles include the books Economic Theories and Crises, and Euro or Drachma? on the choices currently faced by the Greek economy. During 2002-2003, he served as Minister of National Economy and Chairman of the Eurogroup.

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