Swiss get over guilt

pms laflame at aaahawk.com
Sun Sep 22 22:50:42 PDT 2002


[The planned gold sale is about 1/2 over so the fund is there. It's what to do with the money from the gold sales that was in question.]

WORLD NEWS: Swiss reject gold aid fund By William Hall Financial Times; Sep 23, 2002

Switzerland electorate narrowly rejected a government-backed plan to use some of the country's gold reserves to set up a humanitarian fund.

The Swiss government proposed forming the Solidarity Foundation in 1997 after being criticised for their behaviour during the second world war.

Switzerland's reputation took a battering after it was revealed that its banks had grown rich from the deposits of Holocaust victims, and a neutral Switzerland had turned back thousands of Jewish refugees and profited from selling armaments to both sides. William Hall, Zurich



More information about the lbo-talk mailing list