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Germany owes Greece 278.7 billion euros in WWII reparations

ATHENS, April 6 (Xinhua) — Germany owes Greece about 278.7 billion euros (about 307 billion U.S. dollars) in reparations for WWII, Greek Deputy Finance Minister Dimitris Mardas said on Monday, addressing a special parliamentary committee set up to seek the routes of Greece’s current debt crisis.

The Greek official cited “reliable estimates” made by Greece’s General Accounting Office, which were based on archives examined by experts.

According to Athens, Germany owes today at least 10.3 billion euros for the forced loan granted to Nazi forces at the time and 268.4 billion euros for damages in infrastructure and compensations to individuals.

Mardas noted that in 1946 in Paris the reparations were estimated at about 341.2 billion U.S. dollars.

The Greek Parliament’s so-called Debt Truth Committee has been set up in March with an initiative of the Parliament’s Speaker Zoe Constantopoulou to investigate the causes of the debt crisis which since 2010 has led Greece at the brink of bankruptcy.

Greece’s newly elected Leftist government has revived an old campaign to seek war reparations from Berlin for WWII Nazi crimes and an occupation loan.

Greek Prime Minister Alexis Tsipras, who raised the issue also during his recent visit to Berlin for talks with German Chancellor Angela Merkel, has stressed that it was not connected to the ongoing negotiations with creditors on the resolution of the Greek debt crisis and Germany’s insistence that Athens sticks to a painful fiscal adjustment and reform drive.

However, statements on WWII reparations made by Greek cabinet ministers in recent weeks which have been dismissed as “inflammatory” by the German government, have indirectly linked the two issues.

For Berlin the case has closed from 1960 when Germany paid to Greece about 60 million euros.

Athens argues that this sum covered only some compensation for victims of Nazi crimes, but not for the destruction on Greece’s economy during the occupation. (1 euro = 1.10 U.S. dollars)

Xinhua

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Parliament and the Governor of the Central Bank are discussing the Banking Act and the creation of money transfer companies

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Information / Baghdad /
Parliamentary Finance Committee discussed on Tuesday, with the Governor of the Central Bank the Banking Act and the creation of money transfer companies, as emphasized the latter that the project to delete the zeros in the size of cash, pointed to the need for the integration of private banks and activation of banking activity, a proposal to reconsider the structure of banks Rafidain and Rasheed, converted to the private sector to upgrade them.

The Information Service of the House of Representatives in a statement received by the agency / information / copy of it, “the Finance Committee, headed by MP Ahmad Chalabi and the presence of its members hosted the Governor of the Central Bank and his senior staff discussed assets, net reserves of domestic credit, the net in the balance sheet of the bank and the basis of cash, the impact of increasing oil reserves, which leads to a cash basis reduction, “indicating that” Chalabi listened to reasons that had to move the exchange rate in the market gap and profit monopoly influential happening on the official exchange rate, find treatments in this area.”

Added that “The two sides discussed the Banking Law, the Law on Anti-Money Laundering, the creation of money transfer companies, amounting to more than 1,500 companies, the development of investment banking in line with bank liquidity according to special liquidity standards and requiring banks to allocate funds for lending and review statistics for monetary credit, investments, total assets and overall systems as well for the project to delete the zeros and its implications and the development of financial categories facilitates the storage, study of new factors, appropriate market conditions, inflationary effects and the ways to keep the currency from counterfeiting before proceeding to implement it.”

Senior bank employees, according to the statement property-oil economy in exchange for the properties of the reserve economy and the link between international reserves and the exchange market, the impact of inflation, which influences the price of the dinar, the deterioration of the competitiveness of the country’s industry, agriculture, the real exchange rate, bilateral changes in it, and the pressures of demand for foreign currency.”

“MP Haitham al-Jubouri, a member of the Finance Committee suggested that the Central Bank to address each of the Department of Trade and Industry about the volume of imports and exports in cooperation with the parliamentary finance committee, wondering about the overall management of the Rafidain and Rasheed banks to prevent the acquisition, address the BSA to check the size of financial transactions, payments and the need to follow the bank management by the central bank because they cause a real problem of corruption in this sector, inquiring about the bank’s role on the issue of loss-making banks in Basra and Baghdad, which does not have sufficient reserves for possible payment of all deposits and companies money and instructions Islamic instruments, customs and tax laundering and percentage deducted and the implications of this deduction.”

For its part, MP Magda al-Tamimi, showed “Review of Iraq’s money table since 2003 that contains fraud, large thefts and contradiction, which is set to the Finance Committee in numbers through the books by the concerned authorities, demanding the central bank to provide the parliamentary finance committee (DFI ) transactions and clarification about the sovereign fund, foreign bodies and the development of Iraq’s money abroad and protection project.”

The Governor of the Central Bank, according to the statement in response to queries from members of the committee not implementing the project to delete the zeros because the size of likely benefit to export more categories to reduce the number in advance.

Explaining about the deposit insurance system in favor of the proposal of the Finance Committee determine through the Ministry of Commerce under the import material the need for Iraq to address this Platform, also put forward solutions to the Rafidain and Rasheed banks reconsider the structure of these banks converted to the private sector to upgrade them and their progress, attended the parliamentary finance committee concerns about affecting the private banking sector.”

He stressed the need for the integration of private banks and activation of the banking activity in addition to problems related, facilities offered by the Bank for Islamic Banks that keep pace with the global trend in this area, to support weak banks licensed, in addition to Warka Bank exchange for guarantees sufficient for the provision of liquidity, being one of the banks that have pioneered advanced experience in management and money.

Information Agency

The Ministry of Finance confirms its support for the process of reducing money laundering

haider
Masood Haider

Information / special / ..
The Ministry of Finance, on Tuesday, support the Finance Committee in Parliament to curb money laundering, saying it will provide all required documents to the Special Committee on these issues.

The committee member Masood Haider told / information / “The committee by hosting Finance Minister Hoshyar Zebari and the Governor of the Central Bank Ali Allaq decided to form a sub-committee composed of five members to follow up on money laundering, that there are significant indications in the country.”

He said , “The committee will hold a meeting soon with the committees of integrity, economy, investment, and another meeting with the Presidium of the House of Representatives to follow money that is still continuing up to washing process.

The Finance Committee has hosted, yesterday, Finance Minister Hoshyar Zebari and the Governor of the Central Bank, to discuss the issue of money laundering, and try to find solutions to eliminate.

Information Agency

The spread of the phenomenon of smart cards

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The banking system in Iraq seeks the relevant authorities to limit the use of cash (CASH) in the country at a time when efforts are going to automate the processes of settlement of the instruments, salaries to activate the automation of electronic card systems in order to maintain more cash in bank accounts through the deployment of the electronic trading culture among the public.

According to those involved, trading exchange in electronic smart cards is still weak due to heavy economic legacy inherited from the old policies that have isolated Iraq to keep pace with global developments in modern electronic banking technology making the transition to electronic trading has difficult in accepting the idea by ​​the public.

Electronic publishing awareness

In this context, the Deputy Managing Director of the Global Company for smart card said Ibrahim Abdel Hadi told the “morning” that the public needs in the current stage acceptance dealings by smart electronic cash cards to spread awareness and education in the new trading of such private means related importance of this trade in commercial transactions and shopping from markets that deal with this kind of cash to reduce reliance on cash, the reduction of the size of paper money in circulation, along with the fact that smart cards lighter and slimmer when you carry and move them as well as they serve their purpose the same payment.

Cash

Among the conditions experienced by the country in the past at the end of the last century, established the idea of ​​dealing with cash (Cash) at a time when the world has seen the launch of a new type of shopping card, rapidly spread in several countries, banking, payment systems, including equivalent cash payment when shopping at the local shops The supply of fuel stations and pay the bills, wages and other other processes.

Abdul Hadi said that ministries and departments are encouraged to work payments system, this is where the smart cards issued by the Company specifically in relation to the payment of wages and fines of Ministry of Interior and a number of departments of public nationality, noting that there is coordination with passports in this regard to save time and effort on reviewers.

He pointed to the launch of e-shopping in a number of markets of Baghdad, a number of provinces like Basra, Nasiriyah, Wasit, Najaf and Maysan, along with the fact that a number of these markets, outlets for the distribution of salaries to employees, retirees and the rest of the categories to the smart card holder.

He explained that the number of citizens willing to use this method of payment when they shopped at the market, but some shops lacked the announcement of the possibility of accepting payment by smart cards that play a role in promoting this process process.

Iraqi Media Network

Half a billion dollars to build two trade towers in Basra

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Transport Minister Bayan Jabr Monday, development the foundation stone for the major project renaissance station in Baghdad, revealing a huge investment project in Basra for the construction of commercial towers.

During the foundation stone ceremony mode, grand renaissance of the “first” station of its kind in Iraq.

The project consists of three buildings for buses, in addition to hotel and rest area for the passengers.

The minister said at a news conference: “We hope that we continue to provide services, despite the possibility of the current situation through which Iraq and the services we can offer little by little.”

He promised “we will be in Basra in the next couple of weeks for the opening of a joint operation projects,” adding that “these projects meaning that the investor comes and works as partner spending money, ports has increased by 50 percent, almost.” He continued: “a three-day manager meeting before in private transport at the request of one of the provinces to start investment projects for private transport through investors come to build these projects,” pointing to “that we started five months ago signed a joint operating contracts we’re going towards investment and co-operation.”

Zubaidi said that “there is huge investment projects in Basra are preparing, will go in the next week to learn about the nature, intention to pay nearly half a billion dollars by one UAE investor to build project consisting of two towers, one hotel and one huge shopping mall.” He also noted that “our budget zero does not have even the operating budget investment budget will be 25 percent, except for salaries,” noting that “salaries continuous and there is no problem with them, I think that the investment budget will be zero to the end of the year.” He added that “most projects which will open in the coming weeks or months, is jointly run projects based on prior vision that we have set.”

The river taxi, saying: “It has been discussed in Baghdad, taxi river project, the National Security Council,” noting that “was obtained Board approval to proceed with the river taxi.” He added by saying: “There were two problems in the river taxi, the first that it passes near the Green Zone, under the suspension bridge, there were objections by one of the security ministries and some concerned about it,” adding, “it will settle the matter.” In regard to the issue of dual airports, confirmed The minister said that “the National Security Council endorsed (Sunday) at the request of the Ministry of Transport that all of the joint operation of airports to be,” pointing to the existence of “a military runway are included in each province and we want to use civilian and military planes and got approval on it”. He expressed “thanks to the Prime Minister Haider al-Abadi for his support of the Ministry of Transport,” pointing to “I called Governors of Maysan, Wasit, Nasiriyah and we will start this week for confirmation to open the three airports in these provinces after the provincial building service facilities for airports.”

Iraqi Media Network

Diwaniyah opens cow station over an area of ​​four thousand acres

cows
The Ministry of Agriculture, opened in ​​the province of Diwaniyah a cow station on an area exceeded four thousand acres.

According to a statement of the ministry, said Monday that “the ministry has opened in Diwaniyah a big cow station, after a break for a long time through the support provided by them by giving the farmers, agricultural initiative of the Iraqi government loans, and bring agricultural investment in the province.”

He added that “was revived this station in a manner to bring capital into the province by investing in ways that sustainable facilities,” explaining that “the station is working to provide dairy products and operation of labor for the people of the province in veterinarians and agricultural engineers is Central work and the exploitation of the vast spaces in agriculture The station consists of 4,700 acres and the design capacity of the project 800 cows.”

The statement noted that “the station aimed at the production of milk and dairy products to meet the need of preservation of these products are exported the surplus to the rest of the provinces and milk production at the plant to 40,000 liters per day.”

He added “providing this station systems of fixed irrigation and mobile spray, invest part of the station areas was planted with wheat, barley, forage crops used as feed for cattle, including alfalfa, clover and other types, is also equipped with veterinarians monitoring the herd, conditions that infect cattle farming, selection of quality feed putting in equal amounts and determine the appropriate type of vaccine to ensure the safety of the herd of ailments.”

Iraqi Media Network

Abadi heads to America next week

abadi
A spokesman for the Prime Minister’s Office al-Jubouri, Abadi and a senior delegation will visit the United States next week to discuss a number of files.

Jubouri added that “Abadi will pay an official visit to the United States, where he will meet President Barack Obama and a number of administration officials to discuss the development of relations between the two countries in various fields, as well as joint efforts to counter terrorism, cooperation in the military, security fields and to provide support and reinforcement of Iraq armed forces in its war against Daash.”

He added that “The visit also includes progress of Iraqi forces under the cooperation of citizens, members of tribes with the Iraqi army, which includes volunteers from the various provinces, as well as a review of the successes in Iraq and the Iraqi government’s efforts in the areas of politics, economics and security reform, discussing the situation in the region.

Radio Tigris

The opening of a road between Tikrit and Mosul

tikrit
First deputy governor of Salahuddin province, Ismail Khudair Alhlob, announced that the highway between the cities of Tikrit and Mosul will be opened today in the movement of vehicles after it has been cleansed by the engineering effort of bombs planted by the organization Daash during the period of control by teams.

According to media sources, Alhlob, “The engineering effort continues to work exceptionally to cleanse the roads surrounding the city of Tikrit, in addition to the important places in the city of government departments and presidential palaces and homes of citizens,” he said.

With regard to the return of life to the city of Tikrit, Alhlob said that “work is continuing by the staff in the service institutions to bring life to the city, said there was a higher committee formed by the Prime Minister, headed by the governor of Salahuddin and members of the service ministries, in collaboration with the local administration in the province to work on bring life to the city.”

He added that “the directors of departments in Tikrit, held more than one meeting to discuss and draw back the services of the city plan, especially in the sectors of water and electricity, pointing out that the coming days will witness the return of all the services to the city of Tikrit, in the introduction of these services of water and electricity to the city is ready for the return of displaced persons.”

Radio Tigris