• Short Summary

    PARLIAMENTARY ACTION TO CURB THE INFLUX OF FOREIGN FUNDS IS BEING CONSIDERED BY THE SWISS PARLIAMENT.

  • Description

    PARLIAMENTARY ACTION TO CURB THE INFLUX OF FOREIGN FUNDS IS BEING CONSIDERED BY THE SWISS PARLIAMENT. IT IS ONE OF SEVERAL MEASURES CONSIDERED AS A MEANS OF STABILISING THE COUNTRY, NOW ENJOYING BOOM PROSPERITY. FURTHER, THE STATE HAS CALLED IN ALL UNCLAIMED MONEY LODGED IN SWISS BANKS BY THE VICTIMS OF THE NAZI ERA. THE DEADLINE FOR THE HANDING OVER OF THIS IDLE CASH IS TOMORROW.

    THE SECURITY CLAMP WHICH SWISS BANKS PLACE ON CLIENTS' TRANSACTIONS HAS MADE THE COUNTRY A FAVOURED DEPOSITING POINT FOR INTERNATIONAL CAPITAL. IN GERMANY'S NAZI ERA CAPITAL FLOWED THERE AS A SAFEGUARD FOR THE FUTURE, MOSTLY BY THE VICTIMS OF OPPRESSION. LATER, TOP RANKING NAZIS USED THE SWISS VAULTS TO LODGE THEIR NEST EGGS.

    THE EXTENT OF THIS CAPITAL IS NOT KNOWN. WHAT IS KNOWN IS THAT THE VICTIMS DID NOT SURVIVE TO RECOVER THEIR CAPITAL AND THE NAZIS HAVE BEEN TOO APPREHENSIVE TO COLLECT THEIRS.

    THIS ACTION OF CALLING IN THE CAPITAL BY THE SWISS GOVERNMENT IS THE FIRST MAJOR INCURSION INTO THE PRIVACY OF THE BANKS.

  • Tags

  • Data

    Film ID:
    VLVA4FBFGW4KVOQZI05EM1BSZ9DQ9
    Media URN:
    VLVA4FBFGW4KVOQZI05EM1BSZ9DQ9
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    28/02/1964
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:54:00
    Time in/Out:
    /
    Canister:
    N/A

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