Supported by an unprecedented publicity campaign, the Deutsche Telecom‘s stock market launch brings the telecommunication company a total of 20 billion Deutsche Mark in one fell swoop. For many Germans, the “T-share“ becomes the gateway drug to share trading. A rude awakening follows when the so-called “new market“ collapses in 2001.
17 people die in a major fire at Düsseldorf International Airport. Investigations reveal serious safety deficiencies including the lack of sprinkler systems and emergency exits. The Düsseldorf Airport AG is sentenced to pay a fine of 20 million Deutsche Mark.
What else happened?
The crash of a Turkish passenger plane in the Caribbean claims the lives of 189 people, including 164 Germans.
In response to the increasing number of elderly people, compulsory long term care insurance is introduced in Germany.
Germany beats the Czech Republic in the UEFA European Football Championship final. Oliver Bierhoff is the scorer of the “golden goal”.