Spain will eventually need a bailout, as its heavy private debt burden is increasingly weighing on sovereign debt levels, Arnab Das, managing director of market research and strategy at Roubini Global ...
Nouriel Roubini is now actively proposing the ECB enter the global beggar-thy-neighnor currency wars as a solution to the eurozone crisis.
As reported by Yahoo! Fiance Roubini stated ECB must cut rates or risk crisis again
The bank would act eventually to avoid the recession getting worse,
but risked doing "too little, too late," Roubini said in an interview
with CNN's Nina dos Santos.
By Ashraf Laidi:In the week when Spain exited its debt bailout program, the UK posted its biggest drop in unemployment in 17 years and margins on Italian government bonds were reduced, rumors of a China sovereign downgrade hit the market after Shanghai interbank rates rebounded and China's manufacturing PMI hit six-month lows.