The Daily Blog Open Mic Wednesday 8th April 2015




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  1. This situation is heating up, but it could be very much; out of the frying pan and into the fire, for Greece:

    A parliamentary panel set up by Alexis Tsipras’s government started work last week, seeking to claim German debts, including war reparations, the repayment of a so-called occupation loan that Nazi Germany forced the Bank of Greece to make and the return of stolen archaeological treasures.

    Speaking at a parliamentary committee on Monday, the deputy finance minister, Dimitris Mardas, said Berlin owed Athens €278.7bn, according to calculations by the country’s general accounting office. The occupation loan amounts to €10.3bn.

    The campaign for compensation has gained momentum in the past few years as the Greeks have suffered hardship under austerity measures imposed by the European Union and International Monetary Fund in exchange for bailouts totalling €240bn to save Greece from bankruptcy.

    Who else is considering seeking reparation from the reunited Germany for the destruction and slaughter of the; Great Patriotic War? Here’s a clue:

    The Greek prime minister, Alexis Tsipras, began a controversial visit to Moscow on Tuesday as his debt-stricken country raced to meet tomorrow’s deadline for the repayment of a €450m loan to the International Monetary Fund.

    With Greece suffering its worst credit crisis in modern times, the defiant leader flew into Russia amid speculation that president Vladimir Putin might make an offer of financial help he would find hard to resist…

    International creditors at the EU, European Central Bank and International Monetary Fund have pressed for a mass fire sale of Greek state properties, ranging from airports to ports, to help balance the books in Athens.

    Russia has expressed interest in Greece’s transport sector and the ports of Piraeus and Thessaloniki. Vasily Koltashov, a leftist economist at the Moscow-based Institute of Globalisation and Social Movements, told Kommersant that the Greek railway network, OSE, “could definitely be interesting for Russian business”, along with ports and tourist infrastructure.

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