Instead of the trio of gatekeepers using their own cash trove, they convinced certain German leaders that the urgency required them to temporarily use the $300B settlement escrow accounts. Understanding the illegality of such a maneuver, an elaborate agreement was reached under which Germany would allow the escrow accounts to be used for 30 days. On day 31, the fiduciary administrator guaranteed beneficiary payments would be restarted and the needed collateral would be replaced with other funds. If the beneficiary payments were not completed, the Federal Republic of Germany would take responsibility for their completion
03. Dec, 2018