Word: goldings
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...will not end easily. D'Amato, riding a highly popular issue that has helped boost his standing in the polls, is already agitating to reopen the terms of the 1946 tripartite gold treaty, arguing that the Swiss lied about the much vaster sums they actually held. And the U.S. Administration doesn't rule...
...Switzerland's Bloch reminds, there is "no Ali Baba cave under the Swiss National Bank, filled with gold and jewels." The dormant accounts will probably yield little cash, and how will anyone know how much of the $68 million in Nazi gold the Allies have left was taken from Jews rather than from national treasuries? Whatever money is eventually deemed to belong to the Jews will never be more than a tiny fraction of what was taken so viciously from them. Something akin to the truth may well be all that is left to solace them...
...orders are changing. Under pressure from home and abroad, two high-level commissions named by the Swiss government are examining the issues of Holocaust-era bank accounts; Swiss gold purchases and commerce with the Nazis; and the country's less than hospitable treatment of Jewish and other refugees. The poking and prodding are forcing the Swiss into an uncomfortable bout of national soul searching in which their image as a proud neutral country--founder of the Red Cross, defender of democratic values, oasis of peace and multiethnic harmony--is being challenged by a more sinister image: that of a self...
...Swiss are not alone in examining their conscience--and account books--in these closing years of the 20th century. The Swedish government has ordered a commission to look into its purchases of Nazi gold and the bank accounts of Jews who died in the war. The Bank of Portugal is examining the origins of the nearly 300 tons of gold it bought from the Nazis. In France investigations are now under way to identify confiscated Jewish properties owned by the city of Paris and stolen artworks held by the Louvre and other museums...
...Swiss thought they had dealt with the past, at least in legal terms, through their 1946 agreement with the Allies to return $60 million worth of gold that was believed to have been looted by the Nazis from the central banks of occupied states. The issue of dormant private accounts first came up in 1962. Prompted by Jewish agencies and the state of Israel, the Swiss Bankers Association ordered its members to search for deposits abandoned by Holocaust victims. The process netted a mere $7 million, and though only 26 of 500 banks had bothered to respond...