Quote:
Originally posted by Claeren@Oct 1 2005, 04:56 PM
Didn't Germany absorb an entire third world nation like 15 years ago?
Kind of makes sense that there would be a period where things plateau for a bit after the intial period of absorption and upheaval.
Claeren.
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That was exactly my point I was going to make. It is going to take some time for the economy to start back up, especially in the former parts of East Germany.
http://news.bbc.co.uk/1/hi/business/4205086.stm
Here is a good article from the BBC which looks at the German Economy.
Quote:
Unification 15 years ago resulted in a classic boom and bust.
Billions of Deutschmarks were spent to restore the East's infrastructure.
When the money began to run out whole industries imploded and unemployment soared.
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You gotta give it some time HOZ, I know you are as right wing as they come, but this is clearly not an example where social democrary has failed.