October 27, 1994 |
Privatization Nearly Complete in Former East Germany: After selling off nearly 40,000 inns, stores and other companies, the agency charged with privatizing East Germany's state sector said its task is nearly over. The Treuhandanstalt, or Trustee Agency, which once was reportedly the largest corporation in the world, said it has only 131 companies left to sell before it closes shop as scheduled at year's end. The agency took over ownership of state companies employing 4.
February 27, 1990 |
Several thousand East Germans applied for the first benefits their government has ever given the unemployed, whose ranks may swell dramatically as the nation moves toward capitalism. At the moment, East Germany has a severe labor shortage because skilled workers continue to leave for West Germany. But industrial production has slowed, and the nation is threatened with financial collapse.
June 29, 1990 |
It was an hour after official closing time for the town's only bank, yet 14 weary souls waited quietly in the cheap fluorescent glare as the lone teller labored on. In calmer times, everyone here would have long since been home, the bank's manager, Martina Bengsch, admitted, and she would occasionally see her infant daughter before she went to sleep. But for East Germany, these are not calm times.
November 27, 1989 |
East German political parties and opposition groups Sunday proposed Dec. 7 as the date for an unprecedented round-table discussion on free elections. Wolfgang Ullmann, a spokesman for the opposition group Democracy Now, announced the proposal, saying the meeting would be attended by 31 delegates. The groups said they have not received a formal reply from the Communist-dominated government. The government last week proposed round-table talks but gave no start date.
February 2, 1990 |
The burghers in Weimar, the quiet city that recalls Germany's cultural glory and political shame, share the feelings of their countrymen. From the salt-sprayed Baltic coast and the spacious, lake-speckled farmlands of Mecklenburg to the depressed cities of Saxony and the rolling hills of Thuringia, East Germans are gingerly moving toward democracy--confused about the present, deeply unsure about the future.
March 9, 1990 |
Barely four months ago, the East Germans were basking in the glory of having carried off the first successful German revolution. It has been mostly downhill since. In all of East Europe, no one took communism more seriously than the East Germans, and no one has lost more as a result of its fall. Today, the caretaker government in East Berlin seems powerless, the economy has gone into a tailspin and key institutions such as the army, once the Warsaw Pact's finest, have simply come unstuck.