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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared UPDATE 1-Google execs convicted in Italy for Down's video 4:32am EST Dutch parties tussle over approach to far right 23 Feb 2010 US Jan mass layoffs edge up on weak manufacturing 23 Feb 2010 Pentagon OKs lifting ban on women in submarines 23 Feb 2010 How long can the U.S. dollar defy gravity? 23 Feb 2010 How long can the U.S. dollar defy gravity? 23 Feb 2010 Pentagon OKs lifting ban on women in submarines 23 Feb 2010 Yahoo partners with Twitter to boost social features 1:10am EST Dutch parties tussle over approach to far right 23 Feb 2010 Democrats: Say Goodbye to Wall Street? 7:36am EST Germany parries Greek broadside over Nazi occupation BERLIN Wed Feb 24, 2010 10:00am EST BERLIN (Reuters) - Germany on Wednesday rejected Greek accusations that Berlin had failed to properly compensate Greece for Nazi occupation in World War Two, saying it had provided billions of euros worth of aid. World | Germany In a radio interview, Greek Deputy Prime Minister Theodoros Pangalos criticized Germany's attitude toward the Greek debt crisis and said Athens had never received adequate compensation for the impact of Nazi Germany's invasion of Greece in 1941. "They took away the Greek gold that was at the Bank of Greece, they took away the Greek money and they never gave it back. This is an issue that has to be faced sometime in the future," he told the BBC World Service radio. "I don't say they have to give back the money necessarily but they have at least to say 'thanks'," he added. The German foreign ministry dismissed the remarks and said bringing up the past would not help Greece solve its problems. "I must reject these accusations," ministry spokesman Andreas Peschke said. Germany had paid compensation to Greece of some 115 million deutschemarks by 1960 and made further payments to forced laborers of the Nazi regime, he said. "Finally, I'd like to mention that parallel to this, since 1960 Germany has paid around 33 billion deutschemarks in aid to Greece both bilaterally and in the context of the EU," he said. Germans got roughly one euro for two deutschemarks when the single European currency was adopted in notes and coins in 2002. "A discussion about the past is not helpful at all to solve the problems...facing us in Europe today," Peschke said. Greece is under mounting pressure from markets and EU policymakers to slash its large debt and deficit. It must prove to Brussels by mid-March that it can meet its ambitious targets to cut the budget shortfall by 4 percent of gross domestic product this year to 8.7 percent. Greek politicians have been outraged by coverage of the debt crisis in German media, like a front-page picture in magazine Focus of a "Venus de Milo"-type statue making an obscene finger gesture with the headline "Swindlers in the euro zone." Pangalos also said Italy had done more than Greece to mask the state of its finances to secure euro zone entry. The European Union has asked Greece to explain reports that it engaged in derivatives trades with U.S. investment banks that may have allowed it to mask the size of its debt and deficit from EU authorities ahead of its entry into the euro zone. "You simply put some amounts of money in the next year ... it is what everybody did and Greece did it to a lesser extent than Italy for example," Pangalos said. World Germany More from Reuters Bernanke says rates to stay low for long time WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that a weak job market and low inflation would likely allow the central bank to keep interest rates at very low levels for "an extended period." New home sales hit record low Obama to appeal to business chiefs on job creation Google execs convicted in Italy for Down's video Toyoda arrives for grilling in Congress | Video Stocks up after Bernanke comments, housing weighs | Video » More Top News Grilling to test Toyoda's mettle Toyota's chief faces Congress amid allegations the automaker deliberately avoided a recall to save money. Follow our live coverage at 11 a.m. ET. Full Article Braced for tough questions Factbox: What will change? Video: Toyota driver's accelerator panic Autos Vancouver 2010: Yuna shows a license to thrill Kim Yuna's Bond Girl skating routine ended with a mimed pistol firing -- a warning shot to the South Korean's rivals. Full Article | Slideshow A crush that led to Olympic gold Games enthralled by emotion on ice Canada's men's hockey regains footing 2010 Winter Olympics © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal EVCJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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