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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

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Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in