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Wednesday, June 13, 2012

Roubini : Merkel should Issue a €1,000 Travel Voucher for every German

Economist Nouriel Roubini advises the German Chancellor Angela Merkel to provide her people with motives to visit Greece, thus boosting its economy. In particular he suggests that every German household be granted a €1,000 travel voucher so that it can plan its holidays in countries facing economic dire straits, such as Greece, Spain and Portugal. He also suggested Germany should introduce tax breaks for people who buy vacation homes in Southern Europe.

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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