The latest lesson from Cartoons for the Classroom features the European debt crisis.
Cartoonist Jim Morin invokes Charles Dickens' A Christmas Carol to explain the fears the European debt crisis holds for the United States. The cartoon relies primarily on symbols to get the point across: the ghost, the barrel, Uncle Sam.
BACKGROUND
On May 1, the Greek government proposed a series of austerity measures including spending cuts and tax increases to help address the country's growing national debt. The proposal clinched a 110 billion euro bail-out package for Greece but triggered a national strike and widespread protests that turned violent. World stock markets fell sharply on fears that the debt crisis will spread through the euro zone.
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• Fear spreads (The Economist)
