Mr Uncle Leroy
All Star
Under the agreement, West Germany undertook to pay a total of $845 million: $100 million earmarked for allocation by the Claims Conferenceand the remainder to Israel. Direct compensation would be paid in annual installments over a period of 14 years (between April 1, 1953, and March 31, 1966). The money to Israel was split - 30 percent was to pay for Israel's crude oil purchases in the United Kingdom and with the balance of 70 percent Israel was to buy ferrous and nonferrous metals, steel, chemical, industrial, and agricultural products from Germany.
The agreement was carried out by West Germany government both in letter and in spirit and the goods bought and imported under the agreement represented between 12 and 14 percent of Israel's annual imports over the decade, thus making an important contribution to Israel's growing economy.
In 1988, the German government allocated another $125 million for reparations, enabling remaining Holocaust survivors to receive monthly payments of $290 for the rest of their lives. In February 1990, before its unification with West Germany, East Germany admitted for the first time that it was also responsible for war crimes committed by the German people during World War II and agreed to pay reparations.
In 1999, in response to the filing of numerous class action lawsuits in American courts, the German government and German industry agreed to compensate Jews and non-Jews specifically for slave and forced labor they performed for German industry during the war. Among the German industries that came under the lawsuits were Deutsche Bank AG, Siemens, BMW, Volkswagen, and Opel. In return for the dismissal of all such lawsuits and the guaranteeing German industry "legal peace" from any such further litigation, the German government created a foundation - "Remembrance, Responsibility and the Future" - with assets of approximately $5 billion. Slave and forced laborers still alive at the time of the settlement could apply to receive a lump sum payment of between $2,500 and $7,500 from the foundation; in all, over 140,000 Jewish survivors from more than 25 countries received payments. Final payments from the Foundation were to be made by September 2006
German Holocaust Reparations
What is your proposal of how much blacks should get?
How much of that monthly would you like to receive?
The agreement was carried out by West Germany government both in letter and in spirit and the goods bought and imported under the agreement represented between 12 and 14 percent of Israel's annual imports over the decade, thus making an important contribution to Israel's growing economy.
In 1988, the German government allocated another $125 million for reparations, enabling remaining Holocaust survivors to receive monthly payments of $290 for the rest of their lives. In February 1990, before its unification with West Germany, East Germany admitted for the first time that it was also responsible for war crimes committed by the German people during World War II and agreed to pay reparations.
In 1999, in response to the filing of numerous class action lawsuits in American courts, the German government and German industry agreed to compensate Jews and non-Jews specifically for slave and forced labor they performed for German industry during the war. Among the German industries that came under the lawsuits were Deutsche Bank AG, Siemens, BMW, Volkswagen, and Opel. In return for the dismissal of all such lawsuits and the guaranteeing German industry "legal peace" from any such further litigation, the German government created a foundation - "Remembrance, Responsibility and the Future" - with assets of approximately $5 billion. Slave and forced laborers still alive at the time of the settlement could apply to receive a lump sum payment of between $2,500 and $7,500 from the foundation; in all, over 140,000 Jewish survivors from more than 25 countries received payments. Final payments from the Foundation were to be made by September 2006
German Holocaust Reparations
What is your proposal of how much blacks should get?
How much of that monthly would you like to receive?
