Thomas Walkom: "Why the Irish debt crisis matters to us" (Toronto Star article)

"As in the ‘30s, its cutbacks — by squeezing even more spending power from the economy — will only make matters worse.

"And, as in the ‘30s, governments in Ireland and elsewhere will eventually find that their voters can put up with only so much.

"The Great Depression boosted the fortunes of European fascism. We don’t know yet where the politics of this slump will take us."

Full article: Walkom: Why the Irish debt crisis matters to us