Word: mittelstand
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Dates: during 1990-1990
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...reduce the role of the Kombinate, Pieroth aims to spawn a healthy Mittelstand, the sector of small and medium-size businesses that is the backbone of West Germany's economy. There is a great need for such firms in the East, which suffers a dearth of everything from corner restaurants to car dealerships. In the past two months, some 40,000 East Germans have applied for a share of the $3.5 billion that Bonn will make available to them over the next three years for loans to start small enterprises...