The schedule of payments has been put in doubt by German industry's failure until Tuesday to come up with its half of the $ 4.8 billion fund and its insistence on legal guarantees that German firms which employed Nazi slave and forced labor won't face future suits.
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The London Schedule of Payments, of 5 May 1921, established the full liability of the combined Central Powers at Reparation Commission and the Bank for International Settlements gave a total German payment of gold marks, whereas historian Niall Ferguson estimated that Germany paid no more than gold marks.
33.
The schedule of payments has been put in doubt by German industry's failure until Tuesday to come up with its half of the $ 4 . 8 billion fund and its insistence on legal guarantees that German firms which employed Nazi slave and forced labor won't face future suits.
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Monday's package also includes a restructuring of an estimated $ 60 billion worth of Russia's domestic debt _ in particular bonds known as GKOs and OFZs due to mature before Dec . 31, 1999 . Details of those conversions will be released on Wednesday, but experts on Monday were expecting a variety of options, which could include a schedule of payments staggered over several years.
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