Lyric discussion by pignoli 

Yeah, that seems like the correct interpretation faded. Just look at the lyrics of the first verse! Black and white: most ww2 footage is b+w, also the time thats passed since then has 'coloured in' just how horrific it was, some people no longer see it as black/white good/evil. This haunting song is tom saying how time cannot make right the wrongs of the nazi attrocities. Also I believe many nazis changed their names post war to avoid persecution by the allies.

This is written as though he has some personal attachment to event, from the point of view of the girls brother or similar, who survived maybe. It certainly speaks volumes to me, my grandfather was the only one of his family to escape the nazis.

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