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Monday, December 12, 2011

Roubini : Eurozone Recession deepening

Professor Nouriel Roubini wrote in a recent twitter message that the Euro Zone recession is deepening now that the summit solved little to nothing "EZ PIIGS spreads widening again now that markets realize that the summit solved little or nothing while EZ recession deepening" he wrote and he predicts to see more recession and a possible French AAA rating downgrade "EZ fiscal compact means that both periphery & core will front-load even more recessionary & deflationary fiscal austerity. Markets noticing" he adds in another message
NOURIEL ROUBINI BLOG