Tuesday, April 3, 2012

Roubini : An amicable exit strategy of the PIIGS from the Eurozone would be in everyone’s Interest

In a new oped article with Roubini's Arnab Das for the Financial Times entitled "A Divorce Settlement for the Eurozone" : Nouriel Roubini suggest that problems remain for Greece and other euro zone countries including Portugal and Ireland. Those countries might need further restructuring, they said, adding that the euro zone lacks the essential components needed for a successful monetary union. The duo claim “splitting up may be hard to do but it’s better than sticking to a bad marriage”. - via CNBC
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