Wednesday, September 21, 2011

Roubini : European Banks Need Major Recapitalization

Europe’s banks, struggling amid a sovereign debt crisis, need a “major recapitalization” if the region is to avert disaster,
Stimulus is needed and there is “not enough emphasis being given to economic growth in the euro zone,”
there is no single measure that will save the region from economic crisis. The euro zone must lower interest rates,
“huge mistake” to raise rates this year. Nouriel Roubini told reporters in Johannesburg today - in Bloomberg

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