Monday, September 12, 2011

Eurozone needs more fiscal consolidation

Brussels (5 September) Nouriel Roubini speaking at the Nicolas Berggruen institute press conference about the future of Europe. : If Europeans do not move forward in the direction of greater economic and fiscal union, there will be a financial breakdown , or disentegration , with every country going in its own direction , first of all that would damaging for everybody but also it will be very damaging for the core of the Eurozone in Germany which benifited significantly from a common market a common currency and stability that has led to significant opportunity

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