Apr 3, 2012

The Periphery Needs To Have The Euro Closer To Parity With The U.S. Dollar

"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 U.S. dollar." - in a conference in 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.