1. Walter Romberg was a German politician and finance minister of East Germany.
12 Facts About Walter Romberg
1. 2.
Walter Romberg worked at the East German Academy of Sciences.
3.
Walter Romberg was editor-in-chief of the Zentralblatt MATH from 1965 to 1978.
4.
Walter Romberg served as the minister without portfolio in the cabinet of Prime Minister Hans Modrow between 1989 and 1990.
5.
Walter Romberg was appointed minister of finance to the cabinet led by Prime Minister Lothar de Maiziere on 12 April 1990 following the first free elections of East Germany on 18 March 1990.
6.
Walter Romberg was one of the senior social democratic members of de Maiziere's cabinet.
7.
On 19 May 1990, the West Germany's finance minister, Theo Waigel, and Walter Romberg signed a state treaty to merge their economies and make the West German mark the sole legal currency in both nations by 2 July 1990.
8.
Walter Romberg was removed from office on 15 August 1990 due to his support for the challenging clauses in a political unification treaty governing the allocation of tax revenues.
9.
Walter Romberg angered the West German officials with his continuous demands for more cash help to bail out the weak East German industries and to finance welfare payments.
10.
Walter Romberg was fired due to his warnings about the reunification in terms of its economic burden and his critical and even pessimistic approach towards it.
11.
In 1991, after unification, Walter Romberg stated in a conference held at Humboldt University that the West German leadership did not comprehend the huge differences between two countries' economic patterns.
12.
Walter Romberg died there on 23 May 2014 and was buried in his hometown Schwerin.