How did the FRG help the GDR whose economy was in crisis?
2 massive loans - DM 1 billion in 1983 and DM 950 million in 1984
2 of 5
Who was the prime mover within the FRG, who wanted to provide these loans?
Franz-Josef Strauss, right-wing minister president of Bavaria
3 of 5
What may have been the motivation behind these loans?
the FRG did not want to see the GDR destabilised at a time of problems in central europe i.e in Poland and a return to Cold War tensions with Reagan as president. FRG may have been softened by informal agreements on relaxation of border controls
4 of 5
How did the GDR use these loans?
As security- by depositing them in banks it made them more creditworthy and by 1984 credit markets were again open to them
5 of 5
Other cards in this set
Card 2
Front
How did the FRG help the GDR whose economy was in crisis?
Back
2 massive loans - DM 1 billion in 1983 and DM 950 million in 1984
Card 3
Front
Who was the prime mover within the FRG, who wanted to provide these loans?
Back
Card 4
Front
What may have been the motivation behind these loans?
Comments
No comments have yet been made