Sunday 13 July 2014

After decades of disappointment, Berlin's economy looks up

A worker is seen behind scaffoldings at a construction site near the Fernsehturm TV tower in Berlin By Stephen Brown BERLIN (Reuters) - It has taken a quarter of a century longer than hoped but Berlin is now glimpsing the prosperity that was supposed to land in its lap after the Wall came down in 1989 and it was restored as the jubilant capital of Germany. Twenty five years after reunification, Berlin remains a work in progress: with higher unemployment and lower income than the likes of Frankfurt and Hamburg, it will take years to catch up. Berlin does not dominate decentralized, federal Germany the way London or Paris do in their own countries. "We won't be making cars like Stuttgart or Wolfsburg - but the bases of the technology," said the city's economy minister, Cornelia Yzer, referring to the headquarters of the German auto giants Daimler and Volkswagen.




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