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by aldrich
34 days ago
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One factor in this may also have been the way the privatization of East Germany was handled. Its often overlooked, but the vehicle for it was called Treuhand[1]. Regardless of whether it was necessary or not or right or wrong, it did basically shift out a large amount of capital assets into West Germany (and still carries this sentiment of "opportunistic theft" today). [1] https://www.sciencedirect.com/science/article/abs/pii/S01475... |
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