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News Brief

July 6, 1999
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Portugal did not knowingly handle looted Nazi gold and therefore owes no compensation to Holocaust survivors, a government panel said last week. The panel spent more than a year sifting through wartime records after the United States issued a report in 1998 charging that Nazi Germany paid for much of its trade with Portugal using gold that had been taken from Holocaust victims or looted from the central banks of the countries it had overrun.

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