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Friday, December 2, 2011

Roubini : Time To Go To Plan B On Italy

Nouriel Roubini : "If, as appears likely, Italy remains stuck in an uncompetitive recession and is unable to regain market access in the next twelve months, then even if such large official resources were mobilised, they would be wasted on financing investors’ exit and thus postponing an inevitable debt restructuring that would then be more disorderly." - via Business Insider
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