Focusing on Germany and Greece, this chapter examines the mobilization of the historical past in connection with the refugee issue. Based on an empirical analysis of news and digital media, we found that in Greece, the issue of refugees is understood through the prism of debt to humanity in general, to past generations of Greek refugees, and to Syrian people. The past debt can never be repaid but must be rolled over to future generations. The temporal horizon within which it unfolds enables social reproduction in the form of the maintenance of social bonds, among generations of Greeks and between Greeks and present-day refugees. In Germany, the debt to the past is never clearly articulated and the public/media discourse is denying that there is a debt. Germany’s concern is to liberate itself from its past and establish a relationship with refugees on a different basis. However, this ends up transferring the refugee issue from the realm of social relationships to the realm of management and logistics. In cutting off present-day refugees from those in the past, any relationship needs to be created anew, without the benefit of historical continuity. While for Germany this may have a liberating effect, for refugees the only role available is that of an eternal debtor.