News - Economics / markets
Categories: Economics / Markets
Greece is understood to have created a working group to assess how much Germany owes it in war reparations, in an astonishing twist to the eurozone crisis.
In a move which will no doubt infuriate the eurozone's powerhouse, Greece's finance ministry has said it is scouring its archives to assess how much Germany may owe it in reparations for Nazi war crimes committed during World War II.
According to Greek paper Ekathimerini, Greece has given the four-man working group until the end of the year to report back.
"The matter remains pending," deputy finance minister Christos Staikouras reportedly said. "Greece has never resigned its rights."
He added a "realistic and cool-headed" approach is needed to resolve the issue.
However, the move is almost certain to anger Germany and its populace which is already aggrieved at having to bail out Greece and other nations.
An upcoming European Summit next month will tackle the Greek debt situation, but relations are already frosty, with EU officials said to be losing patience with Greece's inability to meet deficit reduction targets.
Earlier this week Investment Week revealed asset managers are readying themselves for a Grexit.
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