I find it truly sad how such a once-great nation like Greece – home of Socrates and Aristotle, birthplace of democracy and the modern Olympics – could sink to such pitiful depths. The country has chosen not to take responsibility for the over-generous populist government policy which showered Greek citizens with benefits and was shockingly slack with collecting taxes – ruining Greece financially. Instead, the country is now digging up wrongs from over 70 years ago. Wrongs for which they had already been compensated.
We’d better be careful here in Singapore as the government has shifted steadily to the left in recent years and dished out more and more benefits to the people. Once given on a permanent basis, government benefits tend to seen as an entitlement and people tend to ask for more and more. If we develop an entitlement mentality, if we as a people deteriorate in our character generation after generation, we could suffer the same fate as Greece.
Nobody owes you a living. Certainly not your government.
Germany owes Greece 279 billion euros in compensation for war damage. At least that’s what the Greeks say. The Germans say the claim is nonsense.
The issue of German war debt towards Greece has been raised many times before — most recently in 2010 and 2012, when Greece was negotiating the terms of its 240 billion euros ($260 billion) international bailout package.
But this is the first time Athens has put an official number — roughly $300 billion — on World War II reparations.
The German government has — again — dismissed the claims, saying the matter has long been closed. “They won’t get their debts paid by conjuring up German obligations from World War II,” German finance minister Wolfgang Schaeuble told German media last month.
Germany paid Greece 115 million marks in 1960, as required by reparation agreements. On top of that, it also paid compensation directly to individual victims of the Nazi regime in Greece — forced laborers, for example.
Read more here.
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