Germany Reaches Accord on Holocaust Claims

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Saturday, January 1, 2000
Author: 
Bruce Zagaris
Volume: 
16
Issue: 
1
570
Abstract: 

On December 17, 1999, the German Government and business leaders reached an accord to pay $5.2 billion in settlement of various claims arising from the Holocaust. The final settlement, agreed after months of negotiations conducted by the U.S. and Germany, included an executive agreement between the U.S. and Germany, in which the U.S. agreed to contribute to monetary settlement and protect the German interests by filing statements of interests in U.S. courts in any future, urging courts to dismiss. Similar bilateral agreements will be executed with countries in eastern Europe to facilitate the immunity of Germans from future suits arising out of the Nazi era…[more]