After nearly five decades of occupation, the last Russian soldiers leave East Germany. A few days later, the troops of the three Western Allied powers pull out from Berlin. Ceremonies and parades mark the French, British and U.S. American soldiers‘ military farewell to the German population.
Taking advantage of the construction boom in Eastern Germany, businessman Jürgen Schneider enters into dubious dealings by acquiring prime location properties and having them heavily restored. Although Schneider is long bankrupt, banks continue to grant him expensive loans. The result is one of Germany‘s biggest property scandals.
What else happened?
The Social Democratic Party’s leadership trio consisting of Rudolf Scharping, Gerhard Schröder and Oskar Lafontaine loses the elections to the Bundestag. Helmut Kohl of the CDU remains chancellor.
The Party of Democratic Socialism (PDS) – successor to the former East German Socialist Unity Party of Germany (SED) – re-enters parliament.
Michael Schumacher becomes Formula 1 World Champion.
Members of parliament controversially discuss the wrapping of the Reichstag building – the future home of the Bundestag – by the artist Christo.