how much are we owed?
We are owed alot more but to provide some context.
Under the Civil Liberties Act of 1988, signed into law by President Ronald Reagan, the U.S. government apologized for Japanese American internment during World War II and provided reparations of $20,000 to each survivor, to compensate for loss of property and liberty during that period. For many years, Native American tribes have received compensation for lands ceded to the United States by them in various treaties. Other countries have also opted to pay reparations for past grievances, such as the German government making reparations to survivors of the Holocaust.[23]
The Negotiations were held between Israeli Foreign Minister Moshe Sharett and West German Chancellor Konrad Adenauer.
In 1951, Israeli authorities made a claim to the four powers occupying post-war Germany regarding compensation and reimbursement, based on the fact that Israel had absorbed and resettled 500,000 Holocaust survivors. They calculated that since absorption had cost 3,000 dollars per person ($27,350 in today dollars), they were owed 1.5 billion dollars ($13,700,000,000 in today dollars) by Germany. They also figured that six billion dollars worth of Jewish property had been pillaged by the Nazis, but stressed that the Germans could never make up for what they did with any type of material recompense. Negotiations leading to the Reparations Agreement between Israel and West Germany began in March 1952, and were conducted between representatives of the government of the Federal Republic, the government of the State of Israel, and representatives of the World Jewish Congress, headed by Dr. Goldmann. These discussions led to a bitter controversy in Israel, as the coalition government, headed by David Ben-Gurion, claimed that reparations were necessary to restore what was stolen from the victims of the Holocaust.
The agreement was signed by Adenauer and Moshe Sharett on September 10, 1952 in Luxembourg City Hall. The German Parliament (Bundestag) passed the agreement March 18, 1953 by a large majority, 239 for and 35 against, though only 106 of the ruling CDU/CSU's 214 MPs supported the motion, which relied on the unanimous support of the opposition Social Democrats to get through. The Arab League strongly opposed the motion and threatened a boycott of the Federal Republic of Germany after it passed the restitution agreement, but the plan was abandoned due to economic considerations, namely that the Arab League would suffer far more from losing trade with West Germany than West Germany would from the Arab League.[8]
Despite the protests, the agreement was signed in September 1952, and West Germany paid Israel a sum of 3 billion marks over the next fourteen years; 450 million marks were paid to the World Jewish Congress. The payments were made to the State of Israel as the heir to those victims who had no surviving family. The money was invested in the country's infrastructure, and played an important role in establishing the economy of the new state. Israel at the time faced a deep economic crisis and was heavily dependent on donations by foreign Jews, and the reparations, along with these donations, would help turn Israel into an economically viable country.
The reparations were paid directly to the headquarters of the Israeli purchase delegation in Cologne, which received the money from the German government in annual installments. The delegation then bought goods and shipped them to Israel, receiving its orders from a Tel Aviv-based company that had been set up to decide what to purchase and for whom. A great part of the reparations money went into purchasing equipment and raw materials for companies that were owned by the government, the Jewish Agency, and the Histadrut labor union. Notably, much of that money went into purchasing equipment for about 1,300 industrial plants; two-thirds of this money was given to 36 factories, most of them owned by the Histadrut. At the same time, hundreds of other plants, mostly privately owned ones, received minimal assistance with reparations money. From 1953 to 1963, the reparations money funded around one-third of investment in Israel's electrical system, helping it to triple its capacity, and nearly half the total investment in Israel Railways, which obtained German-made rolling stock, tracks, and signaling equipment with reparations money. The reparations were also used to purchase German-made machinery for developing the water supply, oil drilling, mining equipment for use in extracting copper from the Timna Valley mines, and heavy equipment for agriculture and construction such as combines, tractors, and trucks. About 30% of the reparations money went into buying fuel, while 17% was used to purchase ships for the Israeli merchant fleet; some fifty ships including two passenger liners were purchased, and by 1961, these vessels constituted two-thirds of the Israeli merchant marine. Funds from the reparations were also used for port development; the Port of Haifa was able to obtain new cranes, including a floating crane that was named Bar Kokhba. The Bank of Israelcredited the reparations for about 15% of Israel's GNP growth and the creation of 45,000 jobs during the period they were in effect.[12]
Yad Vashem noted that "in the 1990s, Jews began making claims for property stolen in Eastern Europe. Various groups also began investigating what happened to money deposited in Swiss banks by Jews outside of Switzerland who were later murdered in the Holocaust, and what happened to money deposited by various Nazis in Swiss banks. In addition, individual companies (many of them based in Germany) began to be pressured by survivor groups to compensate former forced laborers. Among them are Deutsche Bank AG, Siemens AG, Bayerische Motoren Werke AG (BMW), Volkswagen AG, and Adam Opel AG. In response, early in 1999, the German government proclaimed the establishment of a fund with monies from these companies to help needy Holocaust survivors. A similar fund was set up by the Swiss, as was a Hungarian fund for compensation of Holocaust victims and their heirs. At the close of the 1990s, discussions of compensation were held by insurance companies that had before the war insured Jews who were later murdered by the Nazis. These companies include Allianz, AXA, Assicurazioni Generali, Zürich Financial Services Group, Winterthur, and Baloise Insurance Group. With the help of information about Holocaust victims made available by Yad Vashem, an international commission under former US Secretary of State, Lawrence Eagleburger, has been trying to uncover the names of those who had been insured and died in the Holocaust. The World Jewish Restitution Organization was created to organize these efforts. On behalf of US citizens, the US Foreign Claims Settlement Commission reached agreements with the German government in 1998 and 1999 to compensate Holocaust victims who immigrated to the US after the war."
Reopened claims[edit]
In 2007, Israeli MK Rafi Eitan made suggestions that were interpreted as a claim to reopen the agreement, although he insisted that he merely intended to "establish a German-Israeli work team that would examine how Germany could help the financially struggling survivors".[13] Initially, German Finance Minister Peer Steinbrück rejected any possibility of expanding the agreement,[14] but subsequently German government spokesman Thomas Steg said that Germany was willing to discuss the possibility of making extra pension payments to Holocaust survivors if the Israeli government makes an official request.
