Austria okays compensation for Holocaust survivors

By
November 16, 2005 21:43
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Parliament agreed Wednesday to start paying out hundreds of millions of dollars in compensation to Holocaust survivors once the last related case against Austria in a US court is settled or dropped. Parliament created the General Settlement Fund in 2001 to compensate Holocaust victims who were robbed of businesses, property, bank accounts and insurance policies during the Nazi era. The government and Austrian companies earlier this year pledged to pay US$210 million (nearly €167 million) to endow the fund once all court cases against Austria relating to the Holocaust were resolved. But on Wednesday, parliament agreed to speed up the procedure and start payments even before all applications were fully processed, once the last US court case was resolved.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Joan Rivers
August 28, 2014
Joan Rivers rushed to hospital following throat surgery

By JPOST.COM STAFF