Oct 9, 2010

The Euro At 1.4000 Is A Painful Level For The Euro Region

"Nouriel Roubini, the professor credited with predicting the 2008 economic crisis, expects the European Central Bank to be forced to ease monetary policy further and sees risks of a double dip recession.

Roubini, speaking at the Peterson Institute today in Washington, said that the euro at 1.4000 is a “painful” level for the euro region."

in Bloomberg.com