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Thirty-six years after reunification, the economic gap between eastern and western Germany has not fully disappeared. At the center of this is the Treuhand, an …
Thirty-six years after reunification, the economic gap between eastern and western Germany has not fully disappeared. At the center of this is the Treuhand, an institution often portrayed by critics as the "wrecking ball" that destroyed East Germany's industrial backbone.
#germany #treuhand #dwhistoryandculture
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I wouldn't have thought that the woman was afraid of being the next to be abolished.<br><br>As Germans, we wouldn't have just thrown them into the sea, would we?!<br><br>But yes, quite a few things really went wrong, and even West Germans can admit that today.<br><br>My parents were a bit more conventional about it. They said the whole East was being rebuilt with their money, and therefore the people in the East should be satisfied. The rest should essentially be taken care of by the state.<br><br>The problem is that the state has failed through its sub-companies such as the Treuhandanstalt (Trust Agency) or the expansion of Deutsche Bahn (German Rail).The problem is also that East Germany consists of small towns and villages and is structured very differently from West Germany. Therefore, things like the railway require a completely different approach.<br><br>Additionally, these were of course two cultures clashing even though we were the same people. You essentially have to teach it to someone who grew up in a kind of communism, but not a good one as one might imagine it. How can one achieve anything by acting voluntarily because the state will not help one. And unfortunately, not everyone has a job in a capitalist system. It always depends on the number of jobs available, and usually there are fewer jobs than workers.
The institution was rocked by many scandals and white-collar crime. One of the most infamous was the Leuna affair, for which German and French managers and lobbyists had to go to prison for bribe.
Thirty-six years after reunification, the economic gap between eastern and western Germany has not fully disappeared. At the center of this is the Treuhand, an institution often portrayed by critics as the "wrecking ball" that destroyed East Germany's industrial backbone.
#germany #treuhand #dwhistoryandculture
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Instagram: https://www.instagram.com/dwnews
►TikTok: https://www.tiktok.com/@dwnews
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Reddit: https://www.reddit.com/user/DWNews/
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch