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The current crisis is much more violent than the breakup of the euro would be

2020-04-19T22:07:10.542Z


ANALYSIS - The end of the European currency would have a relatively modest cost!


Reality goes beyond fiction, and sorry for this banal entry into a period that is so little. Anxious to understand an extraordinary situation - the pandemic and its frightening implications for economic life - we are all reduced to looking for references in the most extreme times. The depression of the 1930s, which had caused inhuman mass unemployment, certainly much less in France than in the United States? The Second World War, when armament efforts coexisted with entire sectors of the economy left fallow? Although cinemas had never been as popular as under the German occupation in Paris, according to direct witnesses…

Read also: Pierre Vermeren: "The health crisis, revealing the downgrading of France"

No comparison could in fact give the substantial marrow of the "great containment", thus baptized by the International Monetary Fund (IMF) in reference to the "great recession" world of 2008-2009. After all, each era is incomparable, and the one we experience here and now more than any other,

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Source: lefigaro

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