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The Bank of Israel credited the reparations for about 15% of Israel's GNP growth and the creation of 45,000 jobs during the 12-year period they had been in effect, though the BoI report also noted that the funds received were not crucial in that Israel would have secured the funds in any case from other sources. [15]
Wiedergutmachung (German pronunciation: [viːdɐˈɡuːtˌmaxʊŋ] ⓘ; German: "compensation", "restitution") refers to the reparations that the German government agreed to pay in 1953 to the direct survivors of the Holocaust, and to those who were made to work at forced labour camps or who otherwise became victims of the Nazis.
West Germany paid reparations to Israel for confiscated Jewish property under Nuremberg laws, forced labour and persecution. Payments to Israel until 1987 amounted to about 14 billion dollars, [ 64 ] equivalent to $36.5 billion in 2022.
As for East Germany not only did the unresolved German question – the existence of two German states as members of the Eastern and Western alliances – preclude a positive approach, but so did the refusal of the SED to negotiate with Jewish and Israeli representatives on reparations. Bilateral talks took place in Moscow from 1954 until 1956.
The book covers the 1952 reparations agreement, the growing cooperation between the countries before the Six Day War in 1967, and Konrad Adenauer's Vergangenheitspolitik ("policy for dealing with the past") to gain Israeli recognition for the official position of Germany that West Germany represented a clean break from Nazi Germany.
The Bilateral Compensation Agreements for Victims of the Nazi Regime (German: Globalabkommen) between the Federal Republic of Germany, colloquially referred to as West Germany, which the West German government concluded between 1959 and 1964 with twelve Western European countries, Austria, Belgium, Denmark, France, Greece, Italy, Luxembourg, the Netherlands, Norway, Sweden, Switzerland and the ...
Pro-Palestinian demonstrations at UNC-Chapel Hill and N.C. State University have drawn more attention to the war between Israel and Hamas in the Gaza Strip, with calls for a cease fire and a ...
The merchants pay in the value of the goods to the Banks and the "Haavara" Ltd. pays the countervalue to the Jewish immigrants from Germany. To the same extent that local merchants will make use of this arrangement, the import of German goods will serve to withdraw Jewish capital from Germany. The Trust and Transfer Office, HAAVARA, LTD.