Wednesday, June 9, 2010

Roubini : The Euro is in Danger - the Festival Economia in Trento, Italy

Roubini At the Festival Economia in Trento, Italy

Nouriel Roubini At the Festival Economia in Trento, Italy, showered doom upon the European audience. Your currency is going to parity he warned! Roubini also said that the only way Europe could save itself from certain catastrophe was to let the euro fall to below parity with the dollar , and the Euro Won't be Worth a Dollar..:
"The euro will be devalued. It 's a necessary and inevitable choice. Because in some cases, I think of Greece, we are very close to insolvency. The euro has reached 1.50 against the dollar. Now is a , 20. Equality - but also less, the ratio was 0.82 in 2002 - is an antidote to the risk of default, bankruptcy, from what has already happened in Argentina. "
Source : >>>>
Nouriel Roubini is Professor of Economics and International Business at New York University, he is research associate at NBER and research fellow at CEPR. He is a member of the Bretton Woods Committee, of the Council on Foreign Relations Roundtable on the international economy and of the Academic Advisory Committee on Fiscal Affairs of the International Monetary Fund. He taught at Yale University.
He has held various positions at the US Department of the Treasury and was Senior Economist for International Affairs at the White House Council of Economic Advisers. His research interests include international macroeconomics and finance, fiscal policy, political economy, growth theory and the European monetary system. He writes for numerous prestigious scientific journals including the Journal of International Economics and Journal of Restructuring Finance. He is co-author of Bailouts or Bail-Ins: Responding to Financial Crises in Emerging Markets, Peterson Institute (2004) and of La crisi non รจ finita, Feltrinelli (2010).

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