Wednesday, December 5, 2012

Roubini : Europe must encourage Economic Growth

" an extension to the timeline would be valid for Greece and “also be valid” for other peripheral countries that may need central finance, such as Italy or Portugal." “We could certainly postpone austerity, or do marginal stimulus on a temporary basis,” “Front-loaded fiscal austerity in the periphery could turn a recession into a depression.” Roubini said Speaking at the annual risk management conference of Union Investment in Germany " the Eurozone achieving growth soon was crucial, “because you are trying to stabilise debts and deficits as a percentage of GDP and if the denominator is falling you can do whatever you like with the numerator.” He added - in investmenteurope
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