Germany has long argued that it settled the issue with a bilateral agreement in March 1960 that gave the Greek state the equivalent of €59m in damages for loss of life, looting and "enforced" loans, including gold seized from the central bank.
They are also enforcing loan conditions that they might previously have let slide.
The next Greek government, inheriting a deepening recession and facing the likelihood of social unrest, will have to enforce a loan agreement with its creditors — the European Commission, the European Central Bank and the International Monetary Fund.
They know, he said, that the owner cannot go to court and enforce the loan contract -- precisely because it is illegal -- which means they can run away without fear of being forced to come back.
The CFPA would set and enforce rules about loans, savings, payment and other consumer financial products (except for those already overseen by the SEC and CFTC).
The cost of making and enforcing a loan contract might exceed the modest sums they were able to borrow.
"If you take into account the enforced occupation loan, I estimate that they owe us around €162bn, plus interest".
Earlier this year, it enforced stricter loan classifications, prompting Bank Mandiri and Bank Nasional Indonesia (BNI), the country's biggest and third-biggest banks respectively, to report a surge in non-performing loans.It is no coincidence, analysts say, that both are controlled by the state, which has reformed less than private owners.
The new government will face a daunting double mandate to both enforce Greece's loan agreement with its foreign creditors — the European Central Bank, the International Monetary Fund and the nations of the European Union — while renegotiating enough of the bailout terms to keep the government in power in the face of growing social unrest among the rapidly unraveling middle class.
Officials have said they expect that the bureau will become the "cop on the beat" to enforce laws on consumer financial products and services like credit cards and student loans and will serve as a voice for consumers.
