Jun 12, 2012

The Savings Madness Must Be Stopped

The savings madness must be stopped. Governments must lower taxes and increase wages. Europe needs growth. The German government should give every German household a 1000 euros travel voucher. However, it should only be used for holidays in crisis countries. That will help boost growth there.

In addition, everyone who buys a holiday home in a southern European state should get a tax bonus. - in Bild 

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.