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World View: Greece May Demand 162B Euros in WW II Reparations from Germany

World View: Greece May Demand 162B Euros in WW II Reparations from Germany

This morning’s key headlines from GenerationalDynamics.com

  • North Korea pulls its 53,000 workers out of industrial complex
  • Greece is in negotiations again for next bailout payment
  • Greece may demand 162 billion euros in WW II reparations from Germany
  • Syria redeploys soldiers away from border with Israel

North Korea pulls its 53,000 workers out of industrial complex

Kaesong industrial complex
Kaesong industrial complex

For many days we heard analysts say that everything NorthKorea said was just bluster, because the Kaesong industrialpark, the cooperative venture with South Korea, was stilloperating. But then the North Korean announced that SouthKorean workers would not be allowed to return. And now,on Monday, the North Koreans pulled out the 53,000 North Koreanworkers from Kaesong, effectively shutting it down.

No one knows what’s going to happen next, though people are worried.A number of people have suggested that “something” is going to happenbetween April 10 and April 15, the latter date being the birthday ofrevered North Korean founder Kim Il-sung. A North Korean militaryattack on South Korea or on U.S. assets is a possibility, but isgenerally discounted. It appears that the most likely possibilitiesare a new nuclear weapon test, or a new missile test. CNN

Greece is in negotiations again for next bailout payment

Yesterday I wrote that Portugal would be the next eurozone bailoutcrisis, but Greece is right up there with Portugal. Greece isresuming negotiations with the “troika” of organizations bailing outGreece — the European Commission (EC), the European Central Bank(ECB) and the International Monetary Fund (IMF). The main issue willbe layoffs. There are some 4,000 civil servants who have been accusedof breaking a code of conduct, and everyone agrees that they will befired. But the troika wants more layoffs, and that’s going to be amajor contentious issue. These issues have to be resolved before thenext 2.8 billion euro and 6 billion euro loan installments can bepaid. Agreement was supposed to have been reached last month, but asusual, negotiations have been put off as long as possible. The realdrop-dead date is May 20, when Greece has to pay 5.6 billion euros inpayment for bonds that are set to expire. Kathimerini

Greece may demand 162 billion euros in WW II reparations from Germany

A top-secret Greek report has been partially released to the press,and it comes to the conclusion that Germany owes Greece as much as 162billion euros in World War II reparations. According to the report,forced to provide to Germany or for the damages it suffered during thewar.” That money would go a long way to relieving Greece’s debt,allowing it to return to full wasteful spending mode for a couple ofyears before it gets into trouble again. However, Germany has nointerest in revisiting the question of reparations to Greece, andGreek leaders are afraid to “pick a fight” with the country that’smostly responsible for approving or rejecting bailouts. However, theGreek public has a different view, and this report “has detonated likea bomb” among Greek people who are already inclined to refer to GermanChancellor Angela Merkel as a Nazi. Spiegel

Syria redeploys soldiers away from border with Israel

A deadly car bomb exploded in Damascus, Syria, on Monday, killing at19 and injuring dozens more. The opposition rebel forces to theregime of president Bashar al-Assad have been attacking Damascus morefrequently, as they’ve been increasingly successful in penetrating theregime’s heavy security measures. In this case, rebel forces hid inbuildings prior to the bomb attack, and fired at security forces whenthey arrived.

The bombing comes after the al-Assad regime has withdrawn largenumbers of troops, up to 20,000, from Syria’s Golan Heights, near theborder with Syria, moving them to Damascus to provide greater securitythere. Israel fears that the vacuum along the border will be filledby jihadists will be use the area as a staging ground for attacks onIsrael itself, and is building up its own forces on the border.Al-Jazeera and Guardian (London)

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