logoalt Hacker News

aldrichtoday at 4:23 AM0 repliesview on HN

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...