- Oct 26, 2006
As the German people celebrated the fall of the Berlin Wall, the governments in Bonn and Paris were secretly haggling over European monetary union. According to internal government documents, the negotiations almost collapsed. Was West Germany's beloved currency, the deutsche mark, sacrificed at the altar of reunification to win France's support?
The architect of Germany's reunification is furious. Current Finance Minister Wolfgang Schäuble, the interior minister under the then-Chancellor Helmut Kohl, has deep furrows on his brow as he fires off a series of expressions of his immense dissatisfaction. They are harsh words, but ones the chief negotiator of his country's reunification treaty does not want to see in print.
The Price of Unity: Was the Deutsche Mark Sacrificed for Reunification? - SPIEGEL ONLINE - News - International"Abandoning the deutsche mark for the (equally) stable euro was one of the concessions that helped pave the way to German reunification," Steinbrück wrote.
This is apparently causing quite the stir in Germany with much debate at the moment. If this proves to be true it may in fact bring down the Euro. An interesting read nonetheless.
Another related article is here.
Germany's Unlikely Diplomatic Triumph: An Inside Look at the Reunification Negotiations - SPIEGEL ONLINE - News - International