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A paper called Till Debt Do Us Part, by Bob Swarup and Dario Perkins of Lombard Street research
Does anybody have the link to this? I can't seem to find it.
Topic: Lehman lessons weigh on Cyprus talks but 1920s slump must not be ignored (Read 1092 times)
March 24, 2013, 06:40:06 PM
Does anybody have the link to this? I can't seem to find it.
March 24, 2013, 12:12:16 PM
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There is a European precedent for the current crisis, although it is not one the continent likes to be recall. A paper called Till Debt Do Us Part, by Bob Swarup and Dario Perkins of Lombard Street research, says there are direct parallels between Europe now and Europe in the 1920s, only with the roles reversed. Today it is Germany that is imposing austerity on the weak countries on the euro's periphery, at a time when they have no easy way out due to their membership of a fixed exchange-rate system.
http://www.guardian.co.uk/business/2013/mar/24/cyprus-bailout-lehman-demise
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