So after the financial analists, investors, economists, diplomats and portions of old and new politicians, the time has now come for the historians to take the stage and explain the world's present dispair.
Insofar sovereign countries represent nations I see justice in the wording "tell me where you come from and I'll tell you where you are going". For leaner and meaner individual cases of private persons or businesses this is not necessarily so, as it should be.
The Economist hit it right on when - about a year ago - it drew a straight comparison between the political (and popular) struggle in Belgium with the "relationship" Germany-Greece. If in a small developed and relatively young country like Belgium - the federation of Vlaanderen and the federation of Wallonie can hardly find sufficient common grounds to form a government with a plan, how on earth will Germany and Greece ever reach a mutual beneficial implementable understanding, reasonably backed up by their population ?
At the same time, many analists sought to argue that either Greece or Germany would eventually have to abandon the Euro, by the way. I guess we will find out soon enough.
The fact that we are now digging into more detail of what preceded the financial and then social-economic depression in 1929, shows a common need for a more solid explanation for the present equally common mea culpa state of mind in what we tradtionally refer to as developed countries.
The bad or sad news is that we are getting accustomed to the thought of for how long we will see the effects of the current crisis. The goods news is that we are getting to the roots of causes. The question remains as to how we will act upon arriving at some sort of conclusion.
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