Germania wrote:Hebden wrote:Interesting revelation from the following article:
http://www.praguepost.com/P03/2003/Art/0508/news1.phpThe 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.