Recent Posts

Recent Comments

Site menu:

Site search

Categories

March 2017
M T W T F S S
« Jan    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Tags

Tag: east german unemployment

Economics Were Never Positive During Reunification

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.

Happiness was short for many East Germans.

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,