More U.S. Investment in Eastern Germany Urged
Foreign Minister Hans-Dietrich Genscher appealed Sunday for more U.S. investment in economically depressed eastern Germany, and a new report suggested unemployment there will hit 40%.
“Whoever invests there is investing in the future,” Genscher said in a speech at a German-American friendship ceremony in Darmstadt honoring U.S. Ambassador Vernon A. Walters.
In Berlin, a report published Sunday by the IAW economic research institute forecast that eastern Germany’s unemployment rate will soar past 40% and that the region’s economy will shrink by 23% this year.
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