Holocaust Reparations

March 26, 1999 • Volume 9, Issue 12
Should survivors seek compensation for Nazi crimes?
By Kenneth Jost

Introduction

Holocaust survivor Ruth Abraham, 86, is part of a class-action suit seeking restitution from two of Germany's largest commercial banks. She holds a photograph of her parents, who died in a Nazi concentration camp. (Photo Credit: Kai Pfaffenbach, Reuters)
Holocaust survivor Ruth Abraham, 86, is part of a class-action suit seeking restitution from two of Germany's largest commercial banks. She holds a photograph of her parents, who died in a Nazi concentration camp. (Photo Credit: Kai Pfaffenbach, Reuters)

About 6 million Jews were killed in the Holocaust, but Nazi Germany's war against European Jews also had a financial side. The Nazis confiscated homes and personal belongings of Jews, took over Jewish-owned businesses and looted artworks from Jewish collectors. Now, some Holocaust survivors and heirs are seeking restitution for financial losses. In one case, Swiss banks have agreed to pay $1.25 billion to heirs of Holocaust victims who opened accounts before their deaths. Other survivors are seeking payment on insurance policies, return of stolen art or compensation for forced labor in German factories. Some say the litigation will provide a measure of justice for Holocaust survivors, but others fear the efforts create a misleading picture about the nature of history's worst genocidal slaughter.

ISSUE TRACKER for Related Reports
World War II Reparations
Jun. 22, 2001  Reparations Movement
Mar. 26, 1999  Holocaust Reparations
Jun. 02, 1945  Labor Reparations
Oct. 19, 1944  War Reparations
Aug. 15, 1931  Revision of the Treaty of Versailles
Nov. 17, 1930  Reparation and War Debt Payments
Nov. 15, 1928  War Debts and Reparations
Sep. 10, 1925  The Disposal of Alien Property
Apr. 08, 1924  Reparations Calendar
Oct. 31, 1923  The New Reparations Situation
BROWSE RELATED TOPICS:
Global Issues
Judaism
Refugees
Religion and Politics