Apr 15, 2012

Eurozone Periphery: The Credit Crunch Is Intensifying

The credit crunch in the eurozone periphery is intensifying: thanks to the ECB long-term cheap loans, banks there don't have a liquidity problem now, but they do have a massive capital shortage. - in Project Syndicate

Related, iShares MSCI Spain Index ETF (EWP)

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.