Privatization 'hindered growth' in post-Wall eastern Germany

[unhappycamper]

http://www.dw.com/en/privatization-hindered-growth-in-post-wall-eastern-germany/a-18541371

The eastern half of Germany is still struggling to catch up with the west economically. According to a new study, growth was hindered by the break up and privatization of the communist state's industrial assets.

Privatization 'hindered growth' in post-Wall eastern Germany
25.06.2015

A severe lack of large companies has stopped eastern Germany from catching up with the western parts some 25 years after the nation reunited, a fresh study by the German Institute for Economic Research (DIW) revealed Thursday.

"Big companies and corporate headquarters are largely absent in eastern Germany," the report said.

"There's not a single DAX blue-chip company in the region, including Berlin," the Economy Ministry said in response to the study.

It acknowledged that the catching-up process had stalled.

[MisterP]

1. well, that and the outright pillage of stuff westwards