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Greece wants war reparations from Germany, Italy and Bulgaria amounting to GDP for a period of 33 years

26 October 2013 / 22:10:41  GRReporter
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Monetary circulation in September 1944 reached 7.3 quadrillion drachmes. As a result, the feeding of an average family sharply deteriorated and reached levels of malnutrition. According to Doksiadis, the purpose of the conquerors was to acquire what they needed by paying with money that had no coverage and which cost them nothing.

300,000 people died of starvation

1 kg of bread cost 10 drachmes in 1941 and 153 drachmes over the next 3 years. Consequences included poor diet, and in the winter of 1941-1942 only 4% of people were eating enough. In mountainous areas, abandoned children were found who were unable to move and speak because of malnutrition. Mortality was 6-fold higher.

There were large migrations of people. Bulgarians took 40,000 citizens hostage, Italians -10,000, the Nazis - 70 000, of which 60,000 Jews.

How Greece's demands were welcomed

According to Doksiadis, damages were calculated not based on what was actually destroyed but on what could be proven. Victims of the population (death, disease, and reduced fertility) were not included. According to Doksiadis, system work proved that the damage amounted to 17.8 billion pre-war dollars or 1.994 trillion pre-war drachmes.

Three years’ GDP disappeared

In 1938, total government revenues amounted to almost 60 billion drachmes, and the budget - 15,000 drachmes. According to Doksiadis, Greece’s claims were for a GDP for 33 years or for the state budget for 130 years.

Distribution of reparations is as follows:

- 60.9% from Germany, i.e. 10.8 billion dollars or 1.2 trillion drachmes

- 33.6% from Italy, i.e. 6 billion dollars or 670 billion drachmes

- 5.5% from Bulgaria, i.e. almost 1 billion dollars or 198 billion drachmes

Reparations from Germany corresponded to 1/3 of its GDP; Italy’s – to a year’s GDP; Bulgaria’s to the GDP for 2 years. According to Doksiadis, in order for the Greeks to recover the damage, they have to work for 33 years, and those responsible - much less, in order to recover what they destroyed.

Greece is getting crumbs

The arguments of the allies in terms of reparations are different. According to them, Germany should recover, Italy is very poor, but Bulgaria has made sacrifices for the allies. Thus, the Greek claims were ignored, and Greece received only a small amount.

It receives only1% despite the destruction

According to Doksiadis Greece suffered more losses than any other country. However, Germany will pay only 1/300 of GDP, Italy - 1/100 of GDP and Bulgaria - 6% of GDP, while Greece, which caused no damage to anyone, will lose 33 times GDP.

Damage amounting to 2,220 dollars per person

According to Doksiadis, despite the fact that damage amounts to 2,250 dollars per person, reparations amount to 30 dollars per person, i.e. a liability of 2,200 dollars per person remains. According to him, some countries with less damage received higher benefits.

Tags: Konstantinos Doksiadis Second World War reparations compensation damages GDP
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