20 years Since Monetary Union | People & Politics
- 14 years ago
Günther Kaim had a stationery business back at the time of the currency union. The day East Germany adopted the Deutschmark he had record sales. Since then his business has bloomed into a successful enterprise. The then West German finance minister Theo Waigel saw no other option but a one-to-one exchange for the East German currency. But some economists take a critical view of that rate.