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News Brief

July 16, 1998
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A Swiss legislator said his government should renegotiate the 1946 Washington Agreement, under which Switzerland returned to the Allies a portion of the gold it received from Nazi Germany. Switzerland did not reveal the true total of the Nazi-looted gold it purchased and “therefore we still owe more money,” said Jean Ziegler. The lawmaker said he would participate in a hearing slated for next week in Washington on whether to reopen negotiations on the 1946 accord. Representatives of private Swiss banks have stated they will not attend the Senate hearings.

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