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Article: The art of the blitz-deal. (West German firms rush into East Germany) (Business)
- Article from:
- The Economist (US)
- Article date:
- March 31, 1990
CopyrightCOPYRIGHT 1990 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With a series of lightning, quick agreements, West German companies hope to dominate Eastern Europe's most promising economy and start a second economic miracle...
LESS than five months after the Berlin wall was breached, West German firms are scrambling into East Germany. Brushing aside possible legal, managerial and political problems, they are invading so quickly that optimists predict they will turn the decrepit industrial conglomerates of East Germany into the driving force of one of Europe's fastest-growing economies.
Among those already in the stampede east are West Germany's leading car and truck makers, engineering groups, electrical firms, ...