Career
He was appointed minister of finance to the cabinet led by prime minister Lothar de Maizière on 12 April 1990 following the first free elections of East Germany which had been held on 18 March 1990. On 19 May 1990, the West Germany"s finance minister, Theo Waigel, and Romberg signed a state treaty to merge their economies and make the West German mark the sole legal currency in both nations by 2 July 1990. The other reason for his removal was related to the East Germany"s rapidly deteriorating economic status.
Romberg was also fired due to his warnings about the reunification in terms of its economic burden and his critical and even pessimistic approach towards lieutenant
Werner Skowron succeeded Romberg in the post. Following the dismissal of Romberg, Social Democratic Party of Germany left the coalition on 20 August 1990, and called it unconstitutional.
