Mar 31, 2012

Austerity: Debt`s Vicious Circle

There’s this vicious circle with the deficit that doing austerity makes the recession worse. Without growth, the socio-political backlash will become overwhelming for some governments. - in CNBC

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.