Wednesday, July 22, 2015

Roubini on What Greece needs do next ?

Now that the Greek people have overwhelmingly rejected the terms of the creditors’ proposed cash-for-reforms deal, either a new (short-term) deal will be reached by July 20 (when Greece is due to pay off €3.5 billion in bonds to the ECB) or the government will default on another key institution, dramatically raising the odds of "Grexit" once again.

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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