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A Golden Dawn in Greece

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Comments

  • Closed Accounts Posts: 3,298 ✭✭✭Duggys Housemate


    Rojomcdojo wrote: »
    Germany during the Great Depression and Greece during the Great Recession are almost completely incomparable - firstly because a few million of them haven't just sacrificed themselves in vain, secondly, because of the stabilization factor of the common currency.

    They aren't paying 7 billion Greco-Dollars for a loaf of bread, for example.

    But people always get that wrong - including to be fair to you the Bundesbank and its successor - it wasn't the hyperinflation that lead to the Nazi's rise to power, because that happened in the early 20's and was unrelated to the rest of the world or the depression, which isn't surprising as the depression hadn't yet happened.


    What led to their rise to power was the Depression and Bruning's austerity budget. The Nazis are a result of book balancing. Of austerity.

    ( not just that, of course, but that's the economic reason).


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