Conclusion

Vani Borooah

Chapter 6 in Europe in an Age of Austerity, 2014, pp 124-133 from Palgrave Macmillan

Abstract: Abstract On 15 April 1912, just over 100 years ago, high in the crow’s nest of the SS Titanic , on a calm North Atlantic sea, two lookouts suddenly sighted an iceberg. Within 37 seconds of that sighting the ship’s hull scraped the ice with a “faint grinding jar” and the Titanic ‘s fate was sealed. It sank two hours and 40 minutes later with the loss of 1,500 lives. A nonchalant calm pervaded the ship in its final hours: there were no bells or sirens, many passengers spurned the “dangerous” little lifeboats (of which there was a great, and deliberate, scarcity) in favour of the “safety” of the large (though holed) ship. The band, more aware of the prospect of impending death, played Nearer My God to Thee as the ship slowly, but surely, foundered.

Keywords: European Union; Gross Domestic Product; Euro Area; European Central Bank; European Monetary Union (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39602-0_6

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DOI: 10.1057/9781137396020_6

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