gdr ; collapse ; eco problems ; growing national debt

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debt to western nations grew throughout '80s to over?
DM40bn
1 of 29
not insurmountable as st8 GDP was?
250bn
2 of 29
lack of exports to generate what meant increasingly difficult to pay debts?
currency
3 of 29
scale of problem can be seen in what report?
schurer-papier
4 of 29
which was prepared for politburo when?
oct '89
5 of 29
projected need to increase export surplus by over what % '90-'95?
500%
6 of 29
in order to do what?
stabilise debt levels
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would've been completely unrealistic solution without what?
complete political and economic restructure
8 of 29
much of debt been created by prev effors to?
increase exorts
9 of 29
which required initially?
imports of various tech / resources to kickstart development
10 of 29
imports especially of what also used to mntn living standards?
consumer goods
11 of 29
in effort to gain hard currency what did GDR do with soviet oul?
resold to west
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by '83 made up what % western exports?
30%
13 of 29
but this meant using what cheaper fuel in the GDR?
brown coal
14 of 29
what was the beef with the conversion cost?
not owrth any short-term benefits 2 much internal investment
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combination of which two things added to sense domestic instability?
crisis management + growing currency debts
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new products from more traditional industries like machine building / electrical failed to compete with?
higher western technological standards
17 of 29
some inferior goods accepted by who?
ussr
18 of 29
exports of heavy industry dropped by what % '86-'88?
30%
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dire financial situation kept hidden by?
honecker (not much of SED even politburo knew)
20 of 29
because he was always sensitive about?
how he was percieved
21 of 29
and unwilling to face?
economic embarrasment
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restriction of economic info alarmingly included who?
gunter mittag
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in itself was this sufficietn enough to bring end GDR?
no
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FRG contd to?
prop up GDR
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and the level of national debt contributed significantly to hwat decision?
gorbachev's to not inc financial support for GDR from USSR
26 of 29
USSR refused to do what as last resort?
lending to GDR
27 of 29
and GDR were failing to maintain?
export surpluses
28 of 29
and pay?
debts
29 of 29

Other cards in this set

Card 2

Front

not insurmountable as st8 GDP was?

Back

250bn

Card 3

Front

lack of exports to generate what meant increasingly difficult to pay debts?

Back

Preview of the front of card 3

Card 4

Front

scale of problem can be seen in what report?

Back

Preview of the front of card 4

Card 5

Front

which was prepared for politburo when?

Back

Preview of the front of card 5
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