Chancellor Angela Merkel has admitted Germany's "historic responsibility" for Nazi crimes in Greece during the Second World War, though she failed to address the matter of reparations.
"We know how much suffering we, as Germany in the time of Nazism, have brought to Greece," the German chancellor said.
While speaking at a joint press conference with Merkel in Athens on Friday, Greek President Prokopis Pavlopoulos stated the country has grounds to pursue a legal claim for billions of euros in reparations for the WWII crimes committed by the Nazis.
"As Greeks, we consider these demands legally active and (can be) judicially pursued and should be solved in the competent European forum, judicial forum," the president emphasised.
In 1942, during the Nazi occupation of Greece, the Greek national bank was forced by Nazi Germany to pay out an interest-free loan of 476 million Reichsmarks, which was used to finance the cost of occupation and other military activities. Since the loan was never paid back, Greek authorities concluded that Germany still owes Greece around $12.48 billion.