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Germany agrees to record $1.4 billion in annual Holocaust reparations as survivors age
(JTA) – Conditions didn’t seem favorable in early May as Stuart Eizenstat entered annual negotiations with the German government over reparations for the estimated 240,000 remaining Holocaust survivors around the world.
Eizenstat had served as the special negotiator for the Conference on Jewish Material Claims Against Germany since 2009, and had analyzed the country’s economic and political landscape: high inflation, spiraling fuel costs and unprecedented government spending on defense to support Ukraine in its war with Russia. Add to that a German finance minister, Christian Lindner, who was elected less than two years on a platform of budget cuts, fiscal restraint and smaller government.
“We’re dealing with German taxpayer money. That has to be accounted for. And we’ve been in an era in the last couple of years and particularly this year with negative factors that would seem to have an inauspicious impact,” Eizenstat said in an interview.
Yet the compensation package Eizenstat helped secure for the Claims Conference — more than $1.4 billion — was the largest monetary figure agreed to for a single year since German reparations began more than seven decades ago. The figure reflected a recognition that, even as the number of Holocaust survivors dwindles with each passing year, the needs of the remaining survivors are increasing as they age.
Some of the $1.4 billion that Germany agreed to spend will be paid directly to survivors; the bulk will fund social welfare services such as home care and food packages, administered through about 300 agencies across 83 countries. Germany also agreed to boost funding for Holocaust education programs.
“This is perhaps the most productive session we’ve ever had,” Eizenstat said. “And the fact that it has occurred almost 80 years after the war is a testimony to the Claims Conference’s relentless pursuit of justice and the partnership that we’ve had with the German government.”
Total direct compensation to survivors is expected to reach $535 million next year, mostly paid out in pensions to survivors. In addition, negotiations resulted in four more years of hardship payments — direct allocations to survivors who have not qualified for pensions —which were introduced following the start of the COVID-19 pandemic in 2020. More than 128,000 survivors can expect to receive 1,250 euros each, or about $1,360, in 2024, an amount that will go up by 50 euros each year through 2027.
The hardship payments were negotiated on top of the regular Holocaust survivor pensions, and they primarily benefit Jews from the former Soviet Union who were not interned in camps or placed into ghettos and were therefore not included in the pension program. These Jews survived Nazi mobile killing units that murdered more than 1 million Jews, including entire communities, and today are more likely to experience poverty.
Another category of aid has skyrocketed over the past two decades: social services. German spending in this category will reach about $890 million in 2024, an increase of $105 million over last year. Fifteen years ago, the total was less than $50 million.
In 2023, 120,000 survivors received home care, medical transportation and other forms of support through Jewish social service agencies.
“Survivors are getting more frail, and they are needing more hours of care, and more assistance,” said Reuben Rotman, president and CEO of the Network of Jewish Human Service Agencies.
The agencies represented by Rotman’s group keep track not only of the services they have provided to survivors but also of unmet needs. So if a survivor needed 20 hours of care but received only 12 due to funding constraints, the gap would register in data collected by the Claims Conference.
“The Claims Conference goes back to Germany each year and aggregates all the unmet needs for all the organizations that are funding and makes the case for increases. And generally, they’ve been successful in those negotiations,” Rotman said.
Germany also agreed to continue increasing funding for Holocaust education around the world, providing the Claims Conference with about $150 million for educational programs over the next four years. The money is meant to counter findings from recent surveys showing that the public is growing less knowledgeable about the Holocaust as it recedes further into the past.
According to a 2018 survey commissioned by the Claims Conference, nearly half of American adults could not name a single concentration camp and almost a third were under the impression that the number of Jewish victims was far lower than the 6 million who were murdered.
The Claims Conference’s education budget helped pay, for example, for the production of “Son of Saul,” a 2015 Hungarian film set in the Auschwitz concentration camp that won an Oscar for best foreign film.
Exposure to survivors and education about the Holocaust deserve credit for the successful outcome of this year’s negotiations, according to Eizenstat. He noted that in the leadup to the formal meetings, chief German negotiator Luise Hölscher was taken on a tour of the Yad Vashem Holocaust museum in Jerusalem; Polin, a Jewish history museum in Warsaw; and the United States Holocaust Memorial Museum in Washington, D.C.
“I took Luise for three hours before the negotiation and introduced her to three of our survivors who are docents at the Holocaust Memorial Museum,” Eizenstat said. “It really gave her a historical sense of the Holocaust, but also how much these funds mean to the dignity of survivors.”
Later this year, the Claims Conference will release what it says is the most comprehensive demographic report on survivors ever, detailing where they live, broken down by country and city.
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Spanish PM Sanchez Says US Invasion of Greenland ‘Would Make Putin Happiest Man on Earth’
Russian President Vladimir Putin welcomes US President Donald Trump’s envoy Steve Witkoff during a meeting in Moscow, Russia, Aug. 6, 2025. Photo: Sputnik/Gavriil Grigorov/Pool via REUTERS
Spanish Prime Minister Pedro Sanchez said a US invasion of Greenland “would make Putin the happiest man on earth” in a newspaper interview published on Sunday.
Sanchez said any military action by the US against Denmark’s vast Arctic island would damage NATO and legitimize the invasion of Ukraine by Russia.
“If we focus on Greenland, I have to say that a US invasion of that territory would make Vladimir Putin the happiest man in the world. Why? Because it would legitimize his attempted invasion of Ukraine,” he said in an interview in La Vanguardia newspaper.
“If the United States were to use force, it would be the death knell for NATO. Putin would be doubly happy.”
President Donald Trump on Saturday appeared to change tack over Greenland by vowing to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland.
In a post on Truth Social, Trump said additional 10 percent import tariffs would take effect on February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Great Britain — all already subject to tariffs imposed by Trump.
Those tariffs would increase to 25 percent on June 1 and would continue until a deal was reached for the US to purchase Greenland, Trump wrote.
Trump has repeatedly insisted he will settle for nothing less than ownership of Greenland, an autonomous territory of Denmark. Leaders of both Denmark and Greenland have insisted the island is not for sale and does not want to be part of the United States.
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Damascus and Kurdish Forces Agree to Immediate Ceasefire
Syria’s interim President Ahmed al-Sharaa speaks during a Ministerial formation of the government of the Syrian Arab Republic, in Damascus, Syria, March 29, 2025. Photo: REUTERS/Khalil Ashawi
i24 News – Syrian state media reported on Sunday that the Syrian government and the US-backed Syrian Democratic Forces (SDF) have reached an immediate ceasefire after days of clashes in Kurdish-held areas of the northeast.
The agreement, announced electronically by Damascus, marks a major shift in Syria’s ongoing efforts to reassert control over its Kurdish-majority regions.
According to the Syrian presidency, the deal, signed by President Ahmed al-Sharaa and SDF commander Mazloum Abdi, calls for a full halt to combat operations on all fronts, the withdrawal of SDF-affiliated forces to the east of the Euphrates, and the integration of SDF fighters into Syria’s defense and interior ministries on an individual basis.
The agreement also stipulates that the Syrian government will assume military and administrative control over Deir al-Zor and Raqqa, take over all oil and gas fields, and assume responsibility for prisons and camps holding ISIS members and their families. The SDF has committed to evacuating all non-Syrian PKK-affiliated personnel from the country.
“All lingering files with the SDF will be resolved,” Sharaa said, adding that he is scheduled to meet Abdi on Monday to continue discussions. The ceasefire is intended to open safe corridors for civilians to return to their areas and allow state institutions to resume their duties.
US Special Envoy Tom Barrack praised the agreement, describing it as a “pivotal inflection point” that brings former adversaries together and advances Syria toward national unity. Barrack noted that the deal facilitates the continued fight against ISIS while integrating Kurdish forces into the broader Syrian state.
The ceasefire comes after days of heavy fighting in northeastern Syria, highlighting both the fragility and potential of Damascus’ reconciliation efforts with Kurdish forces.
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World Markets Jolted, Euro Softens, as Trump Vows Tariffs on Europe over Greenland
A person walks along a street on the day of the meeting between top US officials and the foreign ministers of Denmark and Greenland, in Nuuk, Greenland, January 14, 2026. Photo: REUTERS/Marko Djurica/File Photo
Global markets are facing volatility after President Donald Trump vowed to slap tariffs on eight European nations until the US is allowed to buy Greenland, news that pushed the euro to a seven-week low in late Sunday trading.
Trump said he would impose an additional 10 percent import tariff from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain, which will rise to 25 percent on June 1 if no deal is reached.
Major European Union states decried the tariff threats over Greenland as blackmail on Sunday. France proposed responding with a range of previously untested economic countermeasures.
As early trade kicked off in Asia-Pacific, the euro fell 0.2 percent to around $1.1572, its lowest since November. Sterling also dipped, while the yen firmed against the dollar.
“Hopes that the tariff situation has calmed down for this year have been dashed for now – and we find ourselves in the same situation as last spring,” said Berenberg chief economist Holger Schmieding.
Trump‘s sweeping “Liberation Day” tariffs in April 2025 sent shockwaves through markets. Investors then largely looked past US trade threats in the second half of the year, viewing them as noise and responding with relief as Trump made deals with Britain, the EU and others.
While that lull might be over, market moves on Monday could be dampened by the experience that investor sentiment had been more resilient than expected in 2025 and global economic growth stayed on track.
US markets are closed on Monday for Martin Luther King Jr. Day, which means a delayed reaction on Wall Street.
The implications for the dollar were less clear. It remains a safe haven, but could also feel the impact of Washington being at the center of geopolitical ruptures, as it did last April.
Bitcoin, a liquid proxy for risk that is open to trade at the weekend, was steady, last trading at $95,330.
Capital Economics said countries most exposed to increased U.S. tariffs were the UK and Germany, estimating that a 10 percent tariff could reduce GDP in those economies by around 0.1 percent, while a 25 percent tariff could knock 0.2–0.3 percent off output.
European stocks are near record highs. Germany’s DAX and London’s FTSE index are up more than 3 percent this month, outperforming the S&P 500, which is up 1.3 percent.
European defense shares will likely continue to benefit from geopolitical tensions. Defense stocks have jumped almost 15 percent this month, as the US seizure of Venezuela’s Nicolas Maduro fueled concerns about Greenland.
Denmark’s closely managed crown will also likely be in focus. It has weakened, but rate differentials are a major factor and it remains close to the central rate at which it is pegged to the euro, and not far from six-year lows.
“The US-EU trade war is back on,” said Tina Fordham, geopolitical strategist and founder of Fordham Global Foresight.
Trump‘s latest move came as top officials from the EU and South American bloc Mercosur signed a free trade agreement.
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The dispute over Greenland is just one hot spot.
Trump has also weighed intervening in unrest in Iran, while a threat to indict Federal Reserve Chair Jerome Powell has reignited concerns about the US central bank’s independence.
Against this backdrop, safe-haven gold remained near record highs.
Given Trump’s recent Fed attacks, an escalation with Europe could pile pressure on the dollar if it adds to worries that US policy credibility is becoming critically impaired, said Peel Hunt chief economist Kallum Pickering.
“(This) could be amplified by a desire, especially among Europeans, to repatriate capital and shun US assets, which may also pose downside risks to lofty US tech valuations,” he added.
The World Economic Forum’s annual risk perception survey, released before its annual meeting in Davos next week, which will be attended by Trump, identified economic confrontation between nations as the number one concern replacing armed conflict.
A source close to French President Emmanuel Macron said he was pushing for activation of the “Anti-Coercion Instrument,” which could limit access to public tenders, investments or banking activity or restrict trade in services, in which the US has a surplus with the bloc, including digital services.
“With the US net international investment position at record negative extremes, the mutual inter-dependence of European-US financial markets has never been higher,” said Deutsche Bank’s global head of FX research George Saravelos in a note.
“It is a weaponization of capital rather than trade flows that would by far be the most disruptive to markets.”