Thursday, January 26, 2012

Roubini: Europe Needs Massive Monetary Easing

In an interview from Davos Switzerland Dr. Nouriel Roubini told CNBC : "Greece is going to be the first country to restructure its debt, I don't think it's going to be the last one"
"There's a severe recession in the periphery of the euro zone,"
"Less austerity, more growth, that's what the euro zone needs today."
"There is no real decoupling… there is a recession right now in the periphery euro zone,"
"There's a recession throughout Europe, US growth is very anemic. There is a slowdown right now in China," he added

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