The latest claim comes is a result of the findings of a parliamentary panel set up by Greek Prime Minister Alexis Tsipras to examine how much the country is owed, including the repayment of an occupation loan the Nazis forced Greece to make. Germany says it has already made compensation payments and owes nothing.
The row has managed to make already frosty relations between Greece and Germany even cooler and analysts question what good can come of the latest controversial claims.
"All of this from the current government is just to show that 'we're here and we're not giving up these claims'," Nick Malkoutzis, deputy editor of Greek newspaper Kathimerini, told CNBC Tuesday. He doubted the strength of Greece's legal position for reparations, however.
Read MoreTensions high as Greece makes WWII payback threats
"Apart from whatever damages that Greece might claim – and, to be honest, I think whatever legal basis for claiming those has now gone -- (but) there was a loan that Greece was forced to pay to the occupying Nazis forces in the second world war that was recorded – and there is a legal issue over that loan but I think that is for a much smaller amount of around 11 billion euros."
Greece's apparent fixation on war damages comes at a time of critical problems for the country, both in terms of economics and politics.
Greece has been the recipient of two international bailouts worth a combined 240 billion euros, and its second bailout program was extended by the IMF, European Commission and European Central Bank, the bodies overseeing its bailout program, in February by four months to give it more time to make drastic reforms in return for a final tranche of aid.
However, both reforms and the 7.9 billion euros worth of aid remain in name only and the country could soon run out of money. Greece has a 450 million euro loan repayment due to the IMF on April 9 and has to cover pension and salary payments this month.
Read MoreGerman couple pay$935 Greece WWII reparations
Finance Minister Yanis Varoufakis has reiterated his country's commitment to its creditors, however, saying on Sunday that Greece "intends to meet all obligations to all its creditors, ad infinitum," Reuters reported Monday. He also told a Greek newspaper Monday that the country "must" reach an outline funding agreement with its lenders at the Eurogroup meeting on April 24.