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20 Years Ago in Berlin

Title:

20 Years Ago in Berlin

Published: Tue, 3 Nov 2009

Description: Greg Palkot reports on German reunification

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Automatically Generated Transcript (may not be 100% accurate)

" 27 year old lawyer and east German resident -- Baumgarten is getting his first glimpse of a free market economy."

" It's unbelievably because they also thought she looked at such an up or. Sort of an awful things."

" He was joined by more than a million other east German residents who have poured through the Berlin Wall in the last few days to west Berlin. Their own currency worth little the west German government gave the visitors are once a year gift of 100 Deutsche marks or 55 dollars. They spent some looked a lot and thought a lot about their own very troubled economy."

" This man must be a very rich -- the newer arrivals coming through this Berlin Wall are encountering a city which despite its isolated location inside east Germany remains a major industrial center for west Germany. -- to German and American companies companies watching closely the changes in the region. This whole impetus came directly from the people -- caught a lot of the professional. Analysts off guard."

" West Berlin is home for American guy -- fresco. He sells -- computers and his is one of more than fifty American companies with offices in west Berlin. Including IBM Ford Gillette and Philip Morris. Most of these firms are eager to go east now held back by political barriers security restrictions and a lack of funds in east Germany. East German Communist leader Krenz promises economic change. Free elections it's believed we'll have to come first."

" Unless you change the the basic system and this is a political decision. You cannot. Come up with economic reforms."

" Words of hope for the beleaguered east German visitors. Greg -- financial news network west Berlin. "

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