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June 13, 2012

Europe Is Really on the Brink

Niall Ferguson & Nouriel Roubini, Der Spiegel

AP Photo

The European Union was created to avoid repeating the disasters of the 1930s, but Germany, of all countries,has failed to learn from history. As the euro crisis escalates, Berlin should remember how the banking crisis of 1931 contributed to the breakdown of democracy across Europe. Action is urgently needed to stop history from repeating itself.

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TAGGED: Germany, Europe, Eurozone

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