Nov 30, 2011

PIIGS Need A Weaker Euro, Not A Stronger One

Eurozone's PIIGS (Portugal, Ireland, Italy, Greece and Spain) need a weaker, not stronger Euro, to restore their competitiveness and avoid Eurozone break-up. But Central Banks` swaps action today makes the Euro stronger. - in Twitter

Related: iShares MSCI Spain Index ETF (EWP), iShares MSCI Italy Index ETF (EWI), Bank of Ireland ADR (NYSE:IRE), National Bank of Greece ADR (NYSE:NBG), Banco Santander, S.A. ADR (NYSE:STD), Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.