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Sunday, June 17, 2012

Greece is a side show now Spain and Italy may need a full bailout

Nouriel Roubini : " Regardless of Greece elections, if spread remain elevated & rising in Spain and Italy, both may lose market access & need a full bailout " Roubini wrote in Twitter " Indeed Greece is a side show now. Italy/Spain are key @gideonrachman: @Nouriel Spot on Nouriel.Fate of euro will be decided in Spain & Italy " He added " Greece is a side show. Italy & Spain may lose market access & need Troika rescue regardless of Greek elections as Spain bank rescue botched " Roubini explained in a second message " EZ loss of market access & bailout domino: Greece, Ireland, Portugal. Soon Cyprus. Next Spain. Then Italy if Spain goes. Finally France...? "
NOURIEL ROUBINI BLOG