The World Economy is struggling to free itself from a global recession Money is Tight Germany made a big noise about giving a few billions to aid Spain Greece and other nations hurt by the global recession But it seems as if Germany has a deep and inexaustible pocket when it comes to HOLOCAUST COMPENSATION
TENS of thousands of Holocaust survivors forced to work in Nazi ghettos will receive compensation of more than £275 billion (275 billion dollars) 1 EUR = 1.3535 USD, it was announced today.
The German parliament has approved plans to extend pension payments for around 40,000 elderly Jewish people who were used as labourers during the Second World War.Their ordeal involved slaving away in the Nazi camps in exchange for food or minuscule wages.
The payout means all people qualifying for the pensions can have it backdated to 1997 and the compensation would average just under £6,900 for each person.
The Conference on Jewish Material Claims Against Germany helped organise the deal.Greg Schneider, an official from the group, said the news “brings a long-delayed measure of justice to elderly survivors of ghettos.”He said: “These ‘ghetto pensions’ are of great interest to survivors who may be in great need of the funds and for whom they can bring additional comfort and support in their final years.”
Most Holocaust survivors suffered from serious malnutrition during the Second World War and lost almost all of their relatives.
The long-term effects of their nightmare has left many with medical problems and little or no family support network to help them cope.
Holocaust survivors will receive £275 billion (375 billion dollars) in compensationLabour Minister Andrea Nahles, who introduced the proposal, has promised payments would be made “swiftly and efficiently.”The average age of survivors from the Holocaust is around 85. The news marks the end of a long fight for the payments to be handed out.In 2002 a law paved the way for pensions to be paid to Holocaust survivors and backdated to 1997.But thousands of claims were rejected because of restrictions on who could qualify.In 2009 a court ruling made it easier to file successful claims but applicants could only have pension payments backdated by four years.
In total Germany had paid around £56.7 billion in compensation to Holocaust survivors, who are mainly Jewish.Last May the country’s government agreed to pay an extra £685million to help care for Jewish survivors of the Holocaust.Those payments were thought to have affected 56,000 people across the world, with one third of them in Israel.Compensation has been continually evolving since Germany first agreed in 1952 to make payments.Annual negotiations take place between the country’s government and the Claims Conference on who should receive compensation and how much.http://www.express.co.uk/news/world/480521/Holocaust-survivors-275billion-payout