Sep 7, 2010

ECB Should Consider Rate Cuts to Weaken Euro

New York University Professor Nouriel Roubini said the European Central Bank should consider cutting its benchmark interest rate in an effort to weaken the euro against the dollar.

Speaking at a conference in Cernobbio, Italy Roubini said that austerity measures being implemented to cut budget deficits in Europe are a “risk” to the region’s economic recovery.

The U.S. labor market remain ‘very weak’ even after jobs data today that was better than economists’s forecasts.

in Bloomberg

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