When divided countries are reunited, the costs are considerable. Now that negotiations on resolving the division of Cyprus are seriously underway and the prospect of reuniting the island is more realistic than at any other time in the last 10 years, what can we learn from the reunification of Germany, 25 years ago?
For the political discussion in Germany, the financial aspect of the German reunification never played a big role: it was neither really discussed beforehand, how high the costs would be; nor who would have to be responsible for paying these costs: the reunification was always regarded as the most important political goal that had to be achieved at any price.
But meanwhile it has become clear that some decisions made early in the process of reunification did result in significant financial and economic consequences. In his lecture Prof. Ragnitz will concentrate on the most important aspects and will highlight the positive and the negative effects of these early decisions.
The School of Economics and Finance and the Goethe Institut are organizing a lecture titled «The Costs of German Reunification» to be given by Dr. Joachim Ragnitz. The lecture will be held on Tuesday 13th of October 2015, at 18.00, in Amphitheatre B224, Feb01 Building, at the University Campus, University of Cyprus.
The lecture will be in English and is open to the public.
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