Discover and read the best of Twitter Threads about #Treuhandanstalt
Most recents (1)
(1) 30ys ago, Germany started one of historys most radical privatization programs. Transforming East Germany’s economy, its legacy lasts until today.
New paper: We analyze what happened (w @AAoritz @LukasMergele). Thread 👇 #EconTwitter #HistoryTwitter
cesifo.org/node/58093
New paper: We analyze what happened (w @AAoritz @LukasMergele). Thread 👇 #EconTwitter #HistoryTwitter
cesifo.org/node/58093
(2) Founded by the last Communist government and shaped by Germany’s post-reunification institutions, a public agency called #Treuhandanstalt was responsible for privatizing East Germany’s state-owned economy. Essentially, it became the world’s largest holding company. 🏢
(3) The program remains hugely controversial. Millions of people lost their jobs. Fierce protests ensued. Miners went on hunger strikes. The #Treuhandanstalt’s director was assassinated. Today, less than 10% of East Germans consider the transition successful.
