Switzerland's Relationship With the United Term Paper

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But Swiss authorities maintained that transactions conducted in good faith with the Swiss National Bank should be respected. The direct opposition of the sides reached political levels (Castelmur). As a repository of Nazi gold, Switzerland was forced to choose between giving up billions of its money or face international disapproval and sanctions (Sobran 2001). The billions deposited in Swiss banks are believed to belong to victims of the Jewish Holocaust (Sobran).

Many believed that the Nazis stole gold, jewelry and other valuables from these murdered victims (Sobran 2001, Castelmur 1992). The Germans needed to keep the items in the international market for their use and in exchange for their war efforts. The Swiss not only kept their accounts but also helped them make the exchange.

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Many of the murdered Jews also opened Swiss bank accounts. Survivors and dependents remember that their deceased parents opened those accounts, but did not know the account numbers or have the necessary documents to make the claim. Swiss banks require death certificates, which cannot be produced because there are no such official records of Holocaust murders. For many decades, survivors have been making claims to no success. There is no certainty as to how much money Jewish victims deposited into the banks. On July 23, 1997, the Swiss declared a list of dormant accounts to the public. Those with any claim must ask an accounting firm to help out and an international panel will determine if there is strong evidence to warrant the grant of.....

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"Switzerland's Relationship With The United" (2007, July 26) Retrieved May 6, 2024, from
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