Still paying for WW2
The Gross Domestic Product per capita (GDP) of East German states remains stuck at two thirds the rate of the West, according to national statistics office Destatis.
Forty-five years under communist rule will do that to you. Just imagine how screwed up North Korea is after 60 years of totalitarian communism.
Interesting to know that after 25 years and over two trillion euros later, former East German GDP is still only 66% of the West. And not expected to change in the near-future too.
I wonder whether it is the difference in culture that makes such a huge difference here, accentuated by how much less religious the East Germans are.
Or maybe it was more a combination of international market saturation and brain drain that their integration facilitated, that would have kept East Germany trapped in some form of the middle-income trap if not for the generous investments they have received.
We can help them with that -- if Mrs. Obama is willing to give up a year of vacation travel.
Ich bin zwei Trillioner
Obama blew 4 times that amount in 5 years and what did we get for it?