Over 200 million dollars paid to Nazi victims: Austrian fund

An Austrian compensation fund for victims of the Nazis, set up under the so-called Washington Agreement in 2001, has almost be paid in full, the fund`s managers announced on Thursday.

Last Updated: Nov 05, 2010, 00:16 AM IST

Vienna: An Austrian compensation fund for
victims of the Nazis, set up under the so-called Washington
Agreement in 2001, has almost be paid in full, the fund`s
managers announced on Thursday.
As of mid-October, some 201 million dollars (141
million euros) of the 210-million-dollar fund had been paid to
the victims, the fund said.

By the end of the year, almost all payments should be
completed, parliament president Barbara Prammer, who oversees
the fund, added in a statement.

In total, around 24,000 victims of the Nazis in
Austria will have received damages by then.

The "General Settlemend Fund" was set up nine years
ago under the Washington Agreement for survivors and heirs to
claim compensation for material losses suffered during the
Nazi regime, such as property, businesses, bank accounts and
insurances.

Some 120,000 claims from 20,700 applicants were made
by the May 2003 deadline, and payments have since then been
made on a regular basis.
Austria also set up an unlimited National Fund in
1995, which awards a one-time token payment of 5,087 euros to
victims of the Nazis, as well as a Reconciliation Fund for
victims of forced labour.

So far, around 30,000 people have benefited from the
National Fund, according to the foreign ministry.

PTI