Wednesday, November 23, 2011

Roubini : Europe Contagion Gone Viral & Global

Professor Nouriel Roubini interviewed on the phone by Yahoo Finance Roubini said that the IMF does not have enough resources to save Europe and that now the contagion is spreading to the rest of Europe , the size of the IMF resources are absolutely not sufficient to bailout Europe , Italy and Spain alone are in 3 trillion euro public debt problem equivalent to 4 trillion US Dollars .... money alone is not going to resolve the problems in Europe Roubini explains , Europe is a slow motion train wreck he added ... "The contagion has now gone viral, cross Atlantic and global." Roubini says

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