Word: nazi
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Dates: during 1990-1999
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Nevertheless, in 1946, the tripartite gold treaty accepted a total of only $60 million in gold as Switzerland's payment in full of Nazi loot. Britain, France and the U.S. further decided the money would be given back only to German-occupied countries, not to individual claimants...
...Britain and France froze the distribution of $68 million in gold bars they still hold from the Nazi hoard. It is the last portion of the spoils retrieved by the Allies after the war and was supposed to be parceled out to the remaining nations that claim it. Bronfman advised Clinton to suspend any action until the three Allies decide whether this gold--symbolically at least--was melted down from private Jewish assets rather than national treasuries and should be given to Holocaust victims...
...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...
...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...
...SANCTON, TIME's Paris bureau chief and roving European correspondent, had no sooner returned from the World Economic Forum in Davos two weeks ago than he did a quick U-turn back to Switzerland to report and write this week's cover story on the Holocaust bank accounts and Nazi gold. It turned out to be something of a journalistic U-turn as well. "Previously my reporting in Switzerland was limited to the occasional business item," says Sancton. "Suddenly I was confronted with a Swiss story of major proportions, one with intrigue, human drama and historical scope." The tale...