Tengku Zafrul says will facilitate PM’s meeting with Microsoft CEO in mission to make Malaysia Asean’s digital hubGermany’s Bundesbank confronted its predecessor’s Nazi past in new research published today and vowed it would never allow antisemitism or discrimination. — Reuters picFRANKFURT, March 15 — Germany’s Bundesbank confronted its predecessor’s Nazi past in new research published today and vowed it would never allow antisemitism or discrimination.
It detailed how the Reichsbank financed Adolf Hitler’s war efforts, helped the exploitation of occupied territories and was involved in the confiscation, expropriation and sale of Jewish assets.“The Reichsbank acted as a willing stooge and receiver of stolen goods in the context of the financial holocaust,” said Albrecht Ritschl, a professor of economic history at the London School of Economics and one of the authors of the research.
The Reichsbank’s gold, for example, was confiscated by the Allies. However, some of its staff and above all middle-managers were hired by the new institutions after undergoing a process known as “denazification”.Imposed by the Allies at the end of the war, the criteria for such denazification became laxer after 1948 as Germany became more integrated in the West and the central bank scrambled to find qualified personnel, the researchers found.
Bundesbank President Joachim Nagel hoped the 100-page booklet would reach the general public and vowed to learn lessons from it.
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