Wednesday, December 1, 2010

Roubini : Spain is the big elephant in the room

Portugal will also likely to need a bailout , but Spain is the "big elephant in the room" in the euro debt crisis said Nouriel Roubini, the New York University professor and co-founder and chairman of Roubini Global Economics At a conference yesterday in Prague, "There is not enough official money to bail out Spain if trouble occurs," Mr. Roubini said, as reported by Bloomberg News.

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