Investment Week (January 26, 2012)Investment Week (January 26, 2012)
“The euro needs to see a sharp fall of at least 30%, bringing it into line with the US dollar, or else the eurozone is ‘doomed.’” That warning came from economist Nouriel Roubini. He believes a major drop in the currency is the only way to “restore stability and competitiveness” in Europe.
Investment Week (January 26, 2012)
“The euro needs to see a sharp fall of at least 30%, bringing it into line with the US dollar, or else the eurozone is ‘doomed.’” That warning came from economist Nouriel Roubini. He believes a major drop in the currency is the only way to “restore stability and competitiveness” in Europe.
Financial Times (June 13)
Since inception, divergence between the European political and monetary union has been an issue. When times were good and interest rates low, the issue could be ignored. Now the Eurozone crisis has set the stage for the once unthinkable. Economist Nouriel Roubini asserts, “the euro will move towards disorderly debt workouts, and eventually a break-up of the monetary union itself, as some of the weaker members crash out.”
Tags: Debt workouts, eurozone, Monetary breakup, Roubini
