Of course the effects are not going to be like the 1930s Great Depression. There are many more factors to take into account this time. For Europe:
- Trade (and even production) is already highly dependable on a globalized structure.
- Industry delocalization is already at a much advanced stage.
- Agriculture, cattle farming and other food produce industries have been largely cut to force a dependance on outside countries.
- Populations in Europe are larger than in the 1930s, and heterogeneous, with a considerable share of the population being of foreign origin.
- Petrol and gas production are on a downward trend, and prices are on constant rise.
Add more, such as social and family structures being today not the solid structures that they used to be. You name it, we have it all in negative.
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'Dardanidae duri, quae uos a stirpe parentum
prima tulit tellus, eadem uos ubere laeto
accipiet reduces. Antiquam exquirite matrem:
hic domus Aeneae cunctis dominabitur oris,
et nati natorum, et qui nascentur ab illis.'
We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.
–Plato–
'Many people, I believe, wish for a society where faith, decency, pro-life convictions and national self-determination within Europe can flourish; and not be swallowed up in a dictatorial EU bureaucracy.'
–Gerry McGeough, Irish Nationalist and POW–