Banks to Compensate Jews for WWII Losses
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BELGIUM
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Belgian banks signed an agreement to pay about $54 million in compensation to the country’s Jews for property lost during the Nazi occupation.
The agreement was signed at the Finance Ministry after long negotiations between the Belgian Bank Assn. and Jewish representatives. It follows a similar commitment by the government and insurance companies to pay $57 million to compensate for property plundered or abandoned during the 1940-45 occupation.
“There were thousands of victims that never recovered the property of their families,” said David Susskind, a representative of Belgium’s 40,000-strong Jewish community.
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