JEWRY LOST $320 BILLION IN HOLOCAUST

Cost of the Holocaust
European Jewry lost as much as $320 billion in the Holocaust, an Israeli government report found.

The precedent-setting study, issued this week, determined that in terms of confiscated properties and unpaid income for slave labor, Jews persecuted by the Nazis lost between $230 billion and $320 billion, adjusted for 1997 rates of inflation. According to Ha’aretz, a panel under Israel’s minister for Diaspora affairs, Natan Sharansky, concluded in the report that outstanding reparations must be demanded not only from Germany, but also from banks and insurance companies in the United States and Israel that have unclaimed accounts belonging to Holocaust victims.