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11 Facts About German reunification
On 18 May 1990, the two German reunification states signed a treaty agreeing on monetary, economic, and social union.
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Nevertheless, although the Volkskammer's declaration of accession to the Federal Republic had initiated the process of German reunification, the act of German reunification itself was achieved constitutionally by the subsequent Unification Treaty of 31 August 1990; that is, through a binding agreement between the former GDR and the Federal Republic now recognizing each another as separate sovereign states in international law.
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Mitterrand recognized before Thatcher that reunification was inevitable and adjusted his views accordingly; unlike her, he was hopeful that participation in a single currency and other European institutions could control a united Germany.
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The German reunification served to increase economic growth in the region through rising household income and commercial profit due to the ability to utilize social connections that were previously restricted by the border.
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Economic reconstruction of former East Germany following the reunification required large amounts of public funding which turned some areas into boom regions, although overall unemployment remains higher than in the former West.
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Two German reunification systems covering distinctly divergent degrees of economic opportunity suddenly came into intimate contact.
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