New Eurozone fiscal compact will imply even more recessionary front-loaded fiscal austerity both in the PIIGS and core Eurozone. The EZ has no growth strategy.
(Source: Roubini`s Official Twitter)
Related, iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Spain Index ETF (EWP), iShares MSCI Italy Index ETF (EWI)
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.