| 单词 | German Economic and Monetary Union |
| 释义 | German Economic and Monetary Union = (GEMU) The reunification in 1990 of East and West Germany. This included the replacement of the East German currency, the Ostmark, by the Deutschmark, at a one-for-one exchange rate, and the setting up of the Treuhandanstalt to rationalize and privatize East Germany's state-owned firms. The immediate result of GEMU was a massive slump in East German GDP and a large budget deficit for the united Germany. East German industry consisted largely of firms producing low quality products by methods involving excessive use of fuel and reckless pollution of the environment, and East German wages were increased towards Western levels. This left Germany with a choice between large-scale unemployment and massive subsidies to keep East German firms in business to prevent it; either choice required vast transfers to the East. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。