At least 17 German banks and industrial firms have agreed to contribute to a fund from which payments will be made to an estimated 100,000 Jews who served as slave laborers during the Holocaust, the German government announced this week. Needy survivors may also be entitled to payments from the fund.
The government hopes the fund will begin making payments to survivors by Sept. 1, the 60th anniversary of Nazi Germany's invasion of Poland and the start of World War II, according to Elan Steinberg, executive director of the World Jewish Congress.
Sen. Alfonse D'Amato, who has been appointed to mediate a survivors' suit against German and Austrian banks, is calling all parties together Jan. 7. But how much clout he will wield is open to question.
Under a $5.14 billion settlement reached Tuesday with Germany, Nazi slave laborers are expected to receive a one-time payment of about $10,000 in as early as six months, according to an attorney for many of the Jewish victims.
The settlement was reached after yearlong talks between the German government and German industry, and Jewish groups and victims' lawyers.