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Tuesday, June 19, 2012

Roubini : 3 Scenarios for Spain & Italy

Nouriel Roubini : " 3 scenarios for Spain & Italy: 1. current Muddle Through works; 2. Full Troika Bailout; 3. Full Monty of fiscal/banking/political union" in twitter " Muddle Through is failing as Spain & Italy are on verge of losing market access. Thus 2 other options are Full Troika Bailout or Full Monty" he added " Full Monty is fiscal union with E-bonds, banking union w EZ-wide deposit insurance, growth compact, less fiscal austerity, political union" Roubini explained in another twitter message " Full Monty unacceptable to Germany. Thus if Muddle Through likely fails with Spain/Italy losing mkt access Full Troika Bailout only option " he ended
NOURIEL ROUBINI BLOG