Tag: east german unemployment
Within ten years, it was said at the time. the new Germany will be an economic colossus of 80 million people (it far surpassed that, of course) — the five eastern Lander fully integrated and, hopefully, enjoying the same high standard of living as their western neighbours.
But the path to this new Germany will not be easy. A third of east German industry is reckoned to be incapable of surviving in market conditions. So far mass unemployment has been kept at bay only by political expedient: Chancellor Kohl has been understandably keen to avoid large scale factory closures, with the huge redundancies these would imply, before the first all-German elections later this month.
Nevertheless, some 500,000 former east Germans are already out of work. A further 1.8 million are on shortened hours,…