Feb 9, 2012

ECB: A Rate Cut Today Would Be Warranted

ECB refi rate back to its 1 percent level before the mistaken 2011 rate hike. Given the severe Euro Zone recession a rate cut today would be warranted.

(Source: Roubini`s Official Twitter)

Related, iShares MSCI Germany Index Fund ETF (EWG), 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.