Euro Crisis

Similarities Between the 1920’s and Today?

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I am currently reading The Origins of the First World War (3rd Edition), during a pause in my reading I started thinking about not the origins of WWI but its results.  To say that the peace of Versailles was flawed is an understatement.  Given the unsettled economic situation of the Euro and the recently announced renunciation of deposit guarantees by the government of Cyprus I started to wonder if there are parallels between then and now despite the lack of a just concluded titanic war on the continent.  I think that the economics are similar, even to the extent of the various crises being self-inflicted wounds. There were many things wrong with the Treaty of Versailles but … More after the Jump…

Europe and Modern War

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Saw an interesting piece awhile ago on the South African Business Day website called: GIDEON RACHMAN: Threat of war seems unreal in an age of peace. The essential point is that although war seems to have been eradicated in Europe, don’t count it out if the Euro crisis gets as bad as it possibly can. I think it is naive in the extreme to think that because there has not been a major war in Europe for the past 65+ years that one cannot happen.   We should keep in mind that it was 49 years between the Congress of Vienna ending the Napoleonic Wars and the Prusso-Danish war of … More after the Jump…