ZDFzeitZeitgeschichte
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34 Episodes
- The Legacy of the Treuhand - Anger and Reality
A29The Legacy of the Treuhand - Anger and RealityEven 30 years after the fall of the Berlin Wall, there is a dispute about how well or badly the institution did its job. The second part of the inventory is devoted to the years 1991 to 1994 under Treuhand President Birgit Breuel. Successful but still failed The example of Christopher Schwarzer from Munich shows that not only East Germans had bad experiences with the trust in the 1990s. He analyzes for Treuhand Ostbetriebe. He is so enthusiastic about the underwear manufacturer VEB Elastic Mieder that he quit his job and joins as an investor. The turnover triples, the company is considered a showpiece. Then the trust demands the loan: three million D-Marks. The company's financial situation becomes critical. Schwarzer hopes to be accommodated, after all, it is about the jobs of 200 employees. But the trust remains tough. In the end there is bankruptcy.
