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Fri 08 Aug 2010Grinding austerity, but no mass upheaval in Europe
ANALYSIS:Absence of 1930s-style privation and of credible alternatives, and the triumph of tolerance, mean this recession is an experience very different from that of the Great Depression, writes DAN O'BRIEN
NEXT MONTH marks the second anniversary of the plunge into global recession. Much has changed in the world since, most of it for the worse. But despite genuine fears expressed at the time, social turmoil and political upheaval are the dogs that have not barked.
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