Historical Context
The UstaĊĦe hiding in Pontifical Croatian College of St. Jerome (the Croatian Seminary near the Vatican) brought a large amount of looted gold with them; this was later moved to other Vatican extraterritorial property and/or the Vatican Bank. Although this gold would be worth hundreds of thousands of 2008 US dollars, it constituted only a small percentage of the gold looted during World War II, mostly by the Nazis. According to Phayer, "top Vatican personnel would have known the whereabouts of the gold".
The lawsuit was made possible by a 1997 executive order of Bill Clinton that directed all branches of the US government to open their World War II records to scrutiny. The order came in the aftermath of evidence that Swiss banks were destroying evidence of deposit records by Jews and "pressured other countries to follow the U.S. example". Fourteen European nations, Canada, and Argentina followed suit, but Vatican City did not, despite U.S. pressure. Much of the evidence that has come to light since the executive order was not available to the Tripartite Commission for the Restitution of Monetary Gold before it disbanded, although Yugoslavia was among the recipients of restitution.
Read more about this topic: Alperin V. Vatican Bank
Famous quotes containing the words historical and/or context:
“Yet the companions of the Muses
will keep their collective nose in my books
And weary with historical data, they will turn to my dance tune.”
—Ezra Pound (1885–1972)
“The hippie is the scion of surplus value. The dropout can only claim sanctity in a society which offers something to be dropped out of—career, ambition, conspicuous consumption. The effects of hippie sanctimony can only be felt in the context of others who plunder his lifestyle for what they find good or profitable, a process known as rip-off by the hippie, who will not see how savagely he has pillaged intricate and demanding civilizations for his own parodic lifestyle.”
—Germaine Greer (b. 1939)