Editing German reunification (section)

=== Economic merger ===
Discussions immediately began on an emergency merger of the German economies. On 18 May 1990, the two German states signed a treaty agreeing on monetary, economic, and social union. This treaty is called [[Treaty Establishing a Monetary, Economic and Social Union between the German Democratic Republic and the Federal Republic of Germany|''Vertrag über die Schaffung einer Währungs-, Wirtschafts- und Sozialunion zwischen der Deutschen Demokratischen Republik und der Bundesrepublik Deutschland'']] ("Treaty Establishing a Monetary, Economic and Social Union between the German Democratic Republic and the Federal Republic of Germany");<ref name="verfassungen.de">{{cite web | title = Vertrag über die Schaffung einer Währungs-, Wirtschafts- und Sozialunion zwischen der Deutschen Demokratischen Republik und der Bundesrepublik Deutschland | url = http://www.verfassungen.de/de/ddr/waehrungsunionsvertrag90.htm | publisher = Die Verfassungen in Deutschland | access-date = 22 March 2013 | archive-date = 29 October 2013 | archive-url = https://web.archive.org/web/20131029194536/http://www.verfassungen.de/de/ddr/waehrungsunionsvertrag90.htm | url-status = dead }}</ref> it came into force on 1 July 1990, with the West German [[Deutsche Mark]] replacing the East German mark as the official currency of East Germany. The Deutsche Mark had a very high reputation among the East Germans and was considered stable.<ref>{{Cite web |date=1 July 1990 |title=German Unification Monetary union |url=http://www.cepr.org/Pubs/bulletin/dps/dp719.htm |url-status=dead |archive-url=https://web.archive.org/web/20110725152404/http://www.cepr.org/Pubs/bulletin/dps/dp719.htm |archive-date=25 July 2011 |access-date=19 October 2010 |website=Cepr.org}}</ref> While the GDR transferred its financial policy sovereignty to West Germany, the West started granting subsidies for the GDR budget and social [[security]] system.<ref name="London">{{Cite web |title=Embassy of the Federal Republic of Germany London – A short history of German reunification |url=http://www.london.diplo.de/Vertretung/london/en/01/Feste/Tag__der__Deutschen__Einheit/History__of__reunification__seite.html |url-status=dead |archive-url=https://web.archive.org/web/20100607025002/http://www.london.diplo.de/Vertretung/london/en/01/Feste/Tag__der__Deutschen__Einheit/History__of__reunification__seite.html |archive-date=7 June 2010 |access-date=19 October 2010 |website=London.diplo.de |language=de}}</ref> At the same time, many West German laws came into force in the GDR. This created a suitable framework for a [[political union]] by diminishing the huge gap between the two existing political, social, and economic systems.<ref name="London" />