VEBSVirtual European Banking School
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Grounded in the communitarian principles of social tourism, the Free German Trade Union, the 'People's Owned Corporations' (VEBs) and the Free German Youth's 'Young Tourist' organization spearheaded heavily-subsidized group travel to domestic and foreign destinations, the latter primarily to the nations of the Soviet Bloc.
124, the commander-in-chief Marshal Zhukov expropriated the banks and brought large-scale industry under state control, converted firms that were not suitable for dismantling into `Volkseigene Betriebe' (VEBs - state-owned companies) and effected the `liquidation of feudal, squirearchical property tenure'.