The great abdication "The really crucial lesson of 1931 was about the dangers of policy abdication. Stronger European governments could have helped Austria manage its problems. But nobody with the power to contain the crisis stepped up to the plate... And it's happening again, both in Europe and in America." (Paul Krugman)
Editors Choice:
Not Editors Choice
Shortlist Date:
Tuesday, 26 June 2012 - 3:14pm
Shortlist Position:
Lead item
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