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There Is ‘No Way Out’ for Europe: Economist
There is no solution to the current debt crisis plaguing the euro zone, and it’s an illusion to think that one lies on the horizon, an economist told CNBC Monday. "There is no way out, I never thought there was, not for any of the countries that are in trouble. Once one of these countries goes into this sort of problem, there is no escape," Roger Nightingale, economist at RDN Associates, said. He dismissed the current, positive sentiment among investors regarding Italy as temporary and fleeting. "In a few days time or a few weeks, things will go wrong again, yields will go up and the whole thing will skid into ... (full story)
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