May 16, 2012
Eurozone Crisis a Repeat of the 1930s
Thomas Walkom, Toronto Star
The European crisis seems unprecedented but it is not. This time it centres on the euro, a currency used by 17 European nations. Last time, it centred on gold, an international currency used by even more countries. Oh, and did I mention? The last time this kind of crisis occurred was 1931 — two years into the economic slump we now know as the Great Depression.
TAGGED: Eurozone, global economy