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Finance Minister Says Restitution Will Not Affect German Currency

March 7, 1958
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There is no reason to fear that restitution payments by Germany to victims of the Nazi regime will endanger the stability of the deutschemark, Bonn Finance Minister Franz Etzel told a press conference here. He noted that restitution was scheduled to be paid out of tax funds and would not therefore affect the currency situation.

Several months ago. Justice Minister Fritz Schaeffer and Herr Etzel’s predecessor in the finance post, charged that compensation to Jewish victims of Nazism would top $6, 000, 000 000 and threaten the stability of the nation’s currency. At The press conference here, Herr Etzel disassociated himself completely from the Schaeffer premise.

A new voice has been raised among those who wish “re-examination” of the Bonn compensation program for Jews and others who suffered under the Nazis. This time German Party deputy H. Schleiter has charged that the law is open to “misuse.” The rightist deputy was recently identified with a group which demanded government compensation for “victims of denazification.”

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