Sunday, February 23, 2014

How to Weaken The Euro

“You need to have some degree of monetary easing and credit easing, possibly negative deposit rates, to weaken the euro, to ease financial conditions, to jump start credit growth,” Roubini, the co-founder of Roubini Global Economics LLC, said in an interview with Bloomberg Television in Rome today. “I don’t expect action in this direction very soon, but I would say some things the ECB can do are not controversial.” “The value of the euro is too strong,” Roubini said. “Additional monetary easing, conventional and unconventional, could weaken the euro.” “The ECB is still several quarters away from considering seriously that option,” Roubini said. “But you never know that maybe by the end of the year that option, that I think is one of the useful things that the ECB could do, may eventually materialize.” - in Bloomberg

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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