Saturday, September 29, 2012

Roubini: France is on the cusp of becoming a periphery country

France A core or Periphery Country? : Nouriel Roubini says France is on the cusp right now and poses the question in a recent note to clients: “A core or periphery country?” Roubini says that France is currently on “honeymoon” with French investors who have cut their holdings of PIIGS debt and rotated into French sovereign debt due to a “home bias.” However, according to Roubini, “many problems are brewing in France” at the moment, and there are a few reasons for serious concern if you’re holding French bonds.
Source Business Insider Read More >>>>>>
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