By editor
Originally published on Mon June 4, 2012 12:25 pm
As the world considers the possible death of the euro, it's worth considering a famous historical example. Ok, it's not that famous. But it's still worth looking at: The break-up of the Austro-Hungarian currency union in 1918.
Just as the countries of Europe today share the euro, the Austrian empire and the Kingdom of Hungary had created a shared currency: the Austro-Hungarian crown.
After World War I, the region broke up. All of a sudden there were lots of countries wanting to switch to their own currencies.
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