Jan 1, 2012

The Euro Zone Needs A Real Depreciation In The Periphery

The euro zone needs a real depreciation in the periphery to achieve the restoration of growth, external balance and competitiveness. The periphery needs to have the euro closer to parity with the US dollar.” - at the Ambrosetti Workshop on the shores of Lake Como, Italy

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.