Less than 1%

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Hebden
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Less than 1%

Postby Hebden » 2 decades 3 weeks ago (Wed May 14, 2003 5:59 pm)

Interesting revelation from the following article:

http://www.praguepost.com/P03/2003/Art/0508/news1.php

The international commission was set up as the result of a $5.1 billion agreement in 2000 between the United States and Germany to compensate Holocaust victims. German companies and Generali agreed to contribute $275 million to the fund for life-insurance claims.

Since its inception, however, the commission has been criticized for issuing minimal payments. So far it has paid out just $38.2 million to 3,006 claimants.

Germania
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Re: Less than 1%

Postby Germania » 2 decades 3 weeks ago (Thu May 15, 2003 12:35 am)

Hebden wrote:Interesting revelation from the following article:

http://www.praguepost.com/P03/2003/Art/0508/news1.php

The international commission was set up as the result of a $5.1 billion agreement in 2000 between the United States and Germany to compensate Holocaust victims. German companies and Generali agreed to contribute $275 million to the fund for life-insurance claims.

Since its inception, however, the commission has been criticized for issuing minimal payments. So far it has paid out just $38.2 million to 3,006 claimants.


i doubt this agreement even exists.there is a fond for forced labour of 5 billion of which 30% had been paid out already a year ago to about 800000 former forced labour.


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Last edited by Germania on Sat Dec 27, 2003 8:53 am, edited 1 time in total.

Hebden
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Re: Less than 1%

Postby Hebden » 2 decades 3 weeks ago (Thu May 15, 2003 8:36 am)

Germania wrote:
Hebden wrote:Interesting revelation from the following article:

http://www.praguepost.com/P03/2003/Art/0508/news1.php

The international commission was set up as the result of a $5.1 billion agreement in 2000 between the United States and Germany to compensate Holocaust victims. German companies and Generali agreed to contribute $275 million to the fund for life-insurance claims.

Since its inception, however, the commission has been criticized for issuing minimal payments. So far it has paid out just $38.2 million to 3,006 claimants.


i doubt this agreement even exists.there is a fund for forced labour of 5 billion of which 30% had been paid out already a year ago to about 800000 former forced labour.


Well spotted. But if one reads the quote from the article more attentively, the truth becomes apparent.

The $275 million dollar fund for insurance claims is separate from the $5.1 billion forced labour settlement. Of this, reportedly, only $38.2 million has been paid out.

Therefore, the thread should not read 'Less than 1%', it should read 'Less than 14%'.

However, we think the article itself may be at fault because it includes Generali with those German insurance companies which contributed to the $275 million fund.

According to the Commission's own website, a separate deal with Generali, worth $150 million, was struck in 2000 : http://www.icheic.org/eng/press.html.

The news that the Commission has again extended its deadline for claims is unsuprising. The reported 3,000 successful claimants represents rather less than 1% of the 450,000 names published by the IHEIC.


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