Friday, September 7, 2012

Roubini : Here is My Blueprint for the Future

Nouriel Roubini discusses his thoughts on Mario Draghi's bond buying plan, the euro and U.S. fiscal policy."...In the short run it is positive for the Euro because it means that the risk of a break-up is lower but then they are going to actively start buying the debt of the periphery and effectively that's a variant of debt monetization over time that could weaken gradually the value of the Euro "

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