Tuesday, June 12, 2012

Roubini : Europe Should Stop The Savings Madness

Nouriel Roubini : "The savings madness must be stopped. Governments must lower taxes and increase wages. Europe needs growth,"
"The German government should give every German household a 1000 euro ($1,250) travel voucher. However, it should only be used for holidays in crisis countries. That will help boost growth there. In addition, everyone who buys a holiday home in a southern European state should get a tax bonus,” Roubini told German newspaper Bild as reported by CNBC
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