Financial Times (June 13)
2011/ 06/ 14 by jd in Global News
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
