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Words: | Submitted: Wed Mar 03 2004
... average of the EU (EU). It is important to note that Germany is the most populous member of the EU, with some 81 million inhabitants and it is the third largest country in the EU, covering an area of approximately 357,000 Km˛. On the other hand, the East German Economy was in an extremely unstable position in 1989. The quality of produce had taken a sharp fall and there were many consumer shortages in cars, certain meats, fruits and vegetables. Also, goods such as personal computers became excessively expensive. As well as these problems, there were some positive features of the Communist economy for the East German people. One of the most positive was the fact that unemployment was not even officially recognised. On July 1, 1990, the economies of the two Germanys became one. It was the first time in history that a capitalist and a socialist economy had suddenly ...
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