Sep 25, 2012

Europe: The Train Wreck May Have Only Been Delayed

If output keeps on contracting, the “Plan A” of buying time for adjustment via large-scale provision of official financing — now mostly via the ECB — is bound to fail. - in RGE

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.