Wednesday, November 2, 2011

Europe should devalue the Euro & Slash interest rates to boost exports

Nouriel Roubini : "A recession that is severe in advanced economies, the collateral damage even on emerging markets could be significant." Roubini recommended devaluing the euro to stimulate exports from the eurozone and slashing interest rates. "If they were serious about restoring growth in the short-term, they would cut rates down to zero," Roubini said. - via ET NOW

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