FYI, the issue of obligatory loans is independent of war reparations and Marshal plan. Reparations are about destructions, looting, loss of lives, famine, mass executions etc. If memory helps the issue of reparations closed in early 60s. During 1943 the Germans got a loan of 3.5 billion USD from the bank of Greece. Obviously the lender had no discretion on the process. Hence the elegant term "obligatory". Probably there were similar loans in other occupied countries. They paid back the first installment during 1944, an event that legally denotes recognition of debt. Then liberation came, and since then this loan is delinquent. Its said that even today the central banks of those countries keep the debits and credits of this loan in their books. All attempts to settle this issue till the 90s were met with the excuse there are two Germanies, then hold on we need to unify and integrate the eastern Germany, and after 2000 the excuse was, we are in eurozone now, these are too old stories...Bottom line, assuming that at the end of 1944 the loan balance was 3 billion USD, and an average rate of 8%, in line with historic US treasury yields for long term bonds, then this liability today should be valued at 520 bil USD. Much more than the Greek public debt currently. Consequently, for as long as this issue remains unsettled, either by a bilateral agreement between the two countries or by a decision of international courts, it is questionable who bails out whom and people who so easily say aphorisms should have been more careful and better informed, and not fall victims of "psychologic operations" from mass media.